Zug’s High-Rise Project: Will It Alleviate Housing Crisis?
The city of Zug plans to purchase a plot for a 60-meter high-rise to tackle its dire housing shortage, where vacancy rates stand at a mere 0.39%. While city officials tout the project as a significant step, skepticism remains about the number of affordable units to be included, with criticism from local politicians who argue more must be done. Experts agree the initiative is a step in the right direction but caution it might only scratch the surface of broader housing challenges. The city parliament and residents will soon weigh in on the proposal.