Roughly 7% of land in Hong Kong is zoned for housing, most of it going to wealthier families. (For perspective, 75% of New York City is zoned for housing.) The shortage has led to young people, the elderly, and families sometimes living in squalid conditions where they pay hundreds of dollars per month for less than 100 square feet of living space. Hong Kong has announced plans to build more affordable homes over the next decade. By 2027, it plans to add 280,000 public homes and 180,000 private.