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One of the bus companies in HK, the Kowloon Motor Bus, is believed to be the world's largest private-owned bus company in terms of carrying capacity.
The Mass Transit Railway Corporation is one of the most heavily used railways per kilometer in the world, and is among the few urban mass transit railways that receive no Government subsidy and provide a return on capital investment.
4.
Housing
* There has been a steady increase in home ownership. 1971: 18%,
1981: 28%, 1986: 35%, 1991: 43%, 1992: 44% (% of households).
*
*
**
*
42% (1992 Quarter 3) of the total population live in low cost public rental housing. Rents represent 8% of family income, less than half of the usual 25% of household income spent in housing in most developed economies.
770,000 new flats to be built during 10 years to 2001. 55% by public
sector.
33,400 new private flats built in 1991.
20,800 new Home Ownership flats offered for sale and 40,000 rental flats available for allocation in 92/93.
Comprehensive redevelopment of older public housing estates underway. A total of 194 blocks will be demolished in the next five years (1992/93 - 1996/97).
All urban squarters on Government Land will be cleared by 1996.
One standard-size (public housing) flat completed every 15 minutes.
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