Tom Holland looks at why a plan to give HK people homes won't work

The Hong Kong homes for Hong Kong people initiative announced last week by Chief Executive CY Leung will make zero material difference either to the affordability or to the availability of housing in the city.

To see why, let's do a simple back-of-an-envelope estimate.

Last Thursday the government announced that flats to be built on two sites at Kai Tak - one of 0.77 hectares, one of 0.86 - will be earmarked for sale to Hong Kong permanent residents only.

via Business feed http://www.scmp.com/business/article/1032983/tom-holland-looks-why-plan-give-hk-people-homes-wont-work