Hong Kong Land for Hong Kong People

Hong Kong Land for Hong Kong People

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Hong Kong is one of the worlda€™s most densely populated cities. Land supply, property values, and housing provision are inextricably linked with the citya€™s economic growth and questions of economic equality. In Hong Kong Land for Hong Kong People, Yue Chim Richard Wong traces the history of Hong Konga€™s postwar housing policy. He then discusses current housing problems and their solutions, drawing on examples from around the world. Wong argues that housing policy in Hong Kong, with its multiple, often incompatible objectives, and its focus on supply over demand, can no longer satisfy the needs of a diverse and dynamic population. He recommends three simple low-cost policies to promote homeownership and social mobility: sell public rental housing units to the sitting tenants; make subsidized homes more affordable; and reform the public housing program along lines adopted in Singapore, where government-built housing may be resold or leased in a free market. This is the second of Richard Wonga€™s collections of articles on society and economy in Hong Kong. The first, Diversity and Occasional Anarchy, published by Hong Kong University Press in 2013, examines the growing contradictions in Hong Konga€™s economy predicament in historical context.Historically, the cost of rental units was financed with cross-subsidies from the sale of HOS units. Since the HOS units are ... would benefit all society. Reference e•mccoc„iaoŒ:ec•cŽ‹aoŽa¼caaraŒ–a…nc‡Ÿaˆiap‹ac‚anaa¹‹aroesd, 2011a¹a9aœˆ28a—ya€‚http://www.hkej.com/ anbsp;...

Title:Hong Kong Land for Hong Kong People
Author:Yue Chim Richard Wong
Publisher:Hong Kong University Press - 2015-01-01


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