It's hard to solve HK housing problem.
On one side, some people want house prices to keep increasing.
On the other side, some demand cheaper prices.
Even if HK government provides cheap houses/apartments for HK people, they prefer it's located in the downtown area.
HK people have a mentality of greener neighbor grass.
They thought, if HK is a "real democracy" like in USA and UK, all their problems will be solved.
Suddenly everybody lives in the downtown area, where they bought it extremely cheap, and at the same time, the price keeps increasing astronomically in an extremely short time, which makes them millionaires.
That is the magic of democracy.