Download or read book Property Rates in Hong Kong written by Meifen Zeng and published by . This book was released on 2013 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Rates in Hong Kong written by Kenneth T. W. Pang and published by . This book was released on 2006 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Property Prices in Hong Kong SAR written by Mr.R. Sean Craig and published by International Monetary Fund. This book was released on 2011-11-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an econometric model of residential property prices in Hong Kong SAR to assess the effectiveness of alternative policies in slowing the increase in property prices. The rapid rise in property prices is well explained by macroconomic fundamentals; real GDP per capital, real domestic credit, construction costs, land supply, and the real interest rate. Policy can influence the property market though land supply and prudential and tax policy, with the latter policies taking the form of a stamp duty on property transactions and a tighter loan-to-value ratio (LTV) on lending. Land supply is the most effective policy insturment for restraining property price increases but it operates with a significant lag. The LTV and stamp duty dampen speculative activity that drives up property prices. While these policies can slow the increase in the short run, they should be guided by their long run objectives of financial stability and counteracting speculation.
Download or read book Are House Prices Rising too Fast in Hong Kong SAR written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong SAR does not seem to be significantly higher than would be justified by underlying fundamentals. Moreover, unlike advanced economies before 2007-8, deviation from fundamentals has not been persistent in Hong Kong.Going forward, low interest rate and improving growth prospects, as well as a tight supply, particularly in the mass market, means that house price growth will continue to be strong.This is the period in which vulnerability may be accumulating, and tight prudential standards and fiscal measures will be required to tame price inflation.
Download or read book Property Prices in Hong Kong and Impact of Foreign Direct Investment written by Yumi Shindo and published by . This book was released on 1998 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Analyze the Residential Property Price in Hong Kong written by Chuen-Ying Law and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Analyze the Residential Property Price in Hong Kong written by Chuen-ying Law and published by . This book was released on 2005 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Prices and Speculative Bubbles written by Sanjay Kalra and published by . This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2013-01-17 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Hong Kong Special Administrative Region (SAR)'s healthy labor market and supportive fiscal policy helped its domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external environment. Its fiscal policy has been effective in reducing output volatility and providing timely support to help counter the impact from slowing external demand. The authorities have taken appropriate macroprudential measures to help safeguard the banking system, which should continue to be fine-tuned in line with evolving risks.
Download or read book Hong Kong Land for Hong Kong People written by Yue Chim Richard Wong and published by Hong Kong University Press. This book was released on 2015-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong is one of the world’s most densely populated cities. Land supply, property values, and housing provision are inextricably linked with the city’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 Kong’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 Wong’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 Kong’s economy predicament in historical context.
Download or read book People s Republic of China Hong Kong Special Administrative Region written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-01-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong Special Administrative Region (SAR) underwent a painful period of recession and adjustment during the Asian crisis. The adjustment in prices under the linked exchange rate system is well under way. Fiscal policy should continue to provide support for the recovery. Unemployment has stabilized but remains high. The banking system is resilient to external shocks. Technological changes in key service industries and the evolving relationship with the Mainland will lead to major structural changes in the Hong Kong SAR economy.
Download or read book Major Factors Contributing to Rising Residential Property Prices in Hong Kong written by Siu-Kuen Chan and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Major Factors Contributing to Rising Residential Property Prices in Hong Kong" by Siu-kuen, Chan, 陳少娟, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b3196788 Subjects: Housing - Prices - China - Hong Kong Housing - Prices - Government policy - China - Hong Kong Real property - Prices
Download or read book The Price Effects of Hiring Estate Agents in the Hong Kong Housing Market written by LEUNG HOI TAO and published by LEUNG HOI TAO. This book was released on 2018-02-22 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: A research studies estate agents how to affect the housing prices in the Hong Kong housing market. Most of the works on the housing markets in Hong Kong has ignored the importance of real estate agents. Housing market is an imperfectly competitive market. The main function of a real estate agent in housing market is to provide information and bring buyers and sellers together. But, the empirical results of those previous studies are conflicting. Some studies found out that the effect of estate agents on housing prices is positive, but other studies demonstrated that the effect is negative.
Download or read book Study of Rates in Hong Kong written by Rong Tang and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Study of Rates in Hong Kong: Implications for the Mainland Property Tax Reform" by Rong, Tang, 唐荣, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Enlightened by the theory of Tiebout and Hamilton about property tax as a benefit tax and the new view reformulated by George R. Zodrow and Peter Mieszkowski, this dissertation seeks to study the capitalization and regressivity of Government Rates in Hong Kong, which have already existed for 165 years in the city and are equivalent to property tax mentioned in western literature. Since both Hong Kong and Mainland China share the same structure of land lease system, it is meaningful to study the implications of Rates in the property market in Hong Kong at the juncture of a new wave of property tax reform in China commencing with the latest property tax experiment in two major cities: Chongqing and Shanghai. This dissertation first reviews the history and describes the roles of Government Rates in the financial revenue and expenditure system of the Hong Kong Government to get a clear picture of where Rates are from, how they are collected and where they have been spent on. Meanwhile, effects of Rates and public expenditures on local residential property values of different classes during the year 1974-2008 are examine by applying time series of housing price index, percentage of Rates charge, and public expenditure, etc. Furthermore, in order to test whether Hamilton's intra-jurisdictional capitalization exists, transaction data of the year 2000 from EPRC are employed to examine whether low income housing (small units) sells at relatively higher price compared with high income housing (large units) due to the fiscal surplus. The empirical results show no capitalization of Rates but capitalization of public goods exists and the Rates payment is shifted forward into the housing price. We find out that Rates in Hong Kong is not a capital tax, and actually it is a benefit tax and user fee paid for public goods. The last part of the dissertation concludes valuable lessons for the property tax reform in Mainland China. ii 2 DOI: 10.5353/th_b5137966 Subjects: Property tax - China Real property tax - China - Hong Kong
Download or read book Markets at Work written by Bertrand Renaud and published by Hong Kong University Press. This book was released on 1997-07-28 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The real estate economy of Hong Kong is one of the most dynamic and sophisticated in the world, and has contributed greatly to the spectacular development of this vibrant city. More importantly, at a time of rapid globalization of the world economy, it is possibly the best model of the behaviour of an advanced real estate industry operating in an open economy. Hong Kong is thereforeof interest to analysts and policymakers everywhere, not least because of Hong Kong's political reintegration with China in 1997. With this in mind, the authors have managed to capture the key economic features of the private residential real estate market in Hong Kong in this compact volume. They have identified and highlighted critical institutions that contribute to the success and economic factors which shape the dynamics of all sectors of the real estate industry in Hong Kong. This book is essential reading for market analysts, policymakers, students and international readers with an interest in comparative analysis of real estate markets and institutions.' Professor Anthony Walker, Centre for Real Estate and Urban Economics,The University of Hong Kong.
Download or read book Major Factors Contributing to Rising Residential Property Prices in Hong Kong written by Siu-kuen Chan and published by . This book was released on 1996 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of the Fluctuating Residential Property Price in Hong Kong Since 1997 written by Sau-Wai Cheung and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
