The government’s public housing policy should focus on renting out flats because selling off the units would further worsen the housing supply shortage, the cause of Macau’s housing problem, Jones Lang LaSalle (JLL) Macau Managing Director Gregory Ku Ka Hou said yesterday.
Macau has two types of public housing, consisting of social rental housing and a home-ownership scheme (HOS) that allows residents to buy a government-subsidised unit, which the owner can only sell on the private market after 16 years. Ku said such sales should be limited to people on the HOS waiting list.
Ku made the comments during a press conference by the real estate and investment management company at its Finance and IT Centre office for a review of the local property market last year and its forecasts for this year.
JLL Macau Managing Director Gregory Ku Ka Ho (second from left), flanked by his colleagues Head of Retail Oliver Tong (left), Head of Residential Jeff Wong Chi Wai (second from right) and Senior Manager of Valuation Advisory Services Mark Wong, speaks during his company’s press conference at the Finance and IT Centre yesterday. Photo: Monica Leong
