NEW YORK: The forty-ninth entry for the seniors housing Global Awards 2016 has been received.
It’s laudable so many public bodies are trying to help the elderly and lower-income families find adequate housing. But the way some go about it may not be the most effective.
So long as they insist their projects at least cover the development costs and so have to be valued at market levels, it’s really not much help.
That probably explains the lacklustre response to De Novo, a subsidised housing project in Kai Tak by the Urban Renewal Authority, and a non-subsidised elderly housing project in North Point by the Housing Society, the first of its kind in Hong Kong.
