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Chief executive-elect planning a shake-up of the government's housing policy

Chief executive-elect Leung Chun-ying is planning a shake-up of the government’s housing policy, with the financial secretary in his new administration taking responsibility for both public and private housing, according to a source familiar with the restructuring plan.

The new policy was aimed at achieving a coherent approach to housing, by making one minister responsible for policies that were currently divided between two bureaus, the source said.

« The chief executive-elect wants to send a political signal through the proposed change that the housing issue will be top priority for his administration, » a source familiar with Leung’s restructuring plan said.