請翩譯為中文

The following passages I picked from an article in a magazine written by a British who is a director of the Civic Exchange, a Hong Kong-based think tank. Please translate them into Chinese. Especially, I do not really understand the actual meanings of those in boldness. Thanks. In short, not only do they not have an effective say in how their city is run, they do not even benefit from rising land prices, rise which, cycles ignored, rise to reflect the economic vitality of Hong Kong in the context of its restricted land and planning policies. In 1964, the government there deliberately established a housing program that would ensure that Singaporeans would own a stake in their island, emphasizing the provision of flats for families to own, whereas public housing in Hong Kong has been looking merely to provide shelter, largely through a mass public rental housing for the bottom third or so of income owners. Thus, the balances sheets of those that have managed to get on to the private property market, either through inheritance or by virtue of having higher incomes, have seen massive windfall untaxed financial gains. This underlying divergence in the financial well being of the different sections of our society have been exacerbates even further in recent months as the good old Hong Kong property bubbles has reared its head once more.