Poorer residents in London luxury development forced to use different entrances and facilities

Posted: Jul 29 2014Last Updated: Jul 14 2017
Share:
One Commercial Street, London29 July 2014 - Hong Kong people are active buyers of London residential properties. A London media reported that “One Commercial Street” in London, which was launched in Hong Kong a year ago, forced poorer residents to use a backdoor in the alley instead of the residential building's main entrance.
 
Additionally, bicycle storage spaces, rubbish disposal facilities and postal deliveries have also been separated. Some worry that this two-tier policy will cause problems associated with social differentiation.
 
This poor-rich divide results from developers of upmarket London apartment blocks setting aside a number of units as affordable housing for lease to win planning permission. The article mentioned that 34% of residents at "One Commercial Street" belong to the low income group.
 
Please click here for more details.
 
 

You May Also Like

3 Tips for Getting on the Hong Kong Property Ladder

The following is adapted from the original article published in Oriental Daily. 18 April 2018 - A first-time home buyer when she was only in her early 20s, OKAY.com property agent Novelle Lau has had more experience with the Hong Kong property marke
By: OKAY.com

What a Vacancy Tax Could Mean for the Hong Kong Property Market

8 June 2018 - The government will soon conclude its study on the feasibility of imposing a vacancy tax on developers who hoard unsold first-hand private residential flats, Financial Secretary Paul Chan Mo-po told legislators in early June 2018. As a
By: Joshua Han Miller
More Insights

Tight on time? Let us do the searching for you!

OKAY.COM App
OKAY.COM - iOS App StoreOKAY.COM - Android Play Store
Let's Connect
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
Do you want to login
You already have an account with us? How about logging in?