Download or read book Relationship Between Subsidized Housing and the Private Housing Market in Hong Kong written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book RELATIONSHIP BETWEEN SUBSIDIZE written by Tak-Kin Lau and published by Open Dissertation Press. This book was released on 2017-01-26 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Relationship Between Subsidized Housing and the Private Housing Marketin Hong Kong" by Tak-kin, Lau, 劉德健, 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: Abstract The Hong Kong Housing Authority (HKHA) is a statutory body responsible for providing subsidized housing in Hong Kong, which accommodates about 50% of the population. Subsidized housing mainly includes Public Rental Housing (PRH) flats, Home Ownership Scheme (HOS) flats, and Private Sector Participation Scheme (PSPS) flats. PRH flats are intended for rental to the lowest income groups, while HOS and PSPS flats are for sale to middle income groups. Since subsidized housing plays such an important role in Hong Kong, this study will examine the relationship between the supply of subsidized housing and private housing's market performance. Two hypotheses are set. One is that an increase in the supply of subsidized housing would lower the price of private housing. The other is that the negative effect of PRH supply on housing prices is stronger than that of HOS/PSPS because PRH offers greater subsidies and involves a larger segment of the population, despite its more stringent entry criteria. Regression analysis was used to test the hypotheses. Quarterly data from 1980 to 2002 was collected. Since property prices are likely to be affected by factors other than the supply of subsidized housing, variables such as rental levels, unemployment rates, interest rates, and private housing completion were included as controls. The regression results showed that increasing the supply of PRH and HOS/PSPS produced a negative effect on private housing prices. Moreover, the negative effect of PRH is significant at the 5% level, while that of HOS/PSPS is not. This may imply that controlling the supply of PRH, rather II than HOS/PSPS, is a more effective way for the government to influence private housing's market performance, given that the costs of controlling both are similar. This can be done by altering the supply of PRH, adjusting the subsidized rental rates, or changing the entry criteria. The other implication of the study is that the government may also take measures to drive the demand for private housing, because rental levels, unemployment rates, and interest rates are significant factors affecting private housing prices. A fundamental recovery of the economy is important for stimulating the general public's demand for property investment. A deep understanding of the implications from different types of public housing and other demand factors should help policymakers formulate better policies for the housing market. III DOI: 10.5353/th_b3527847 Subjects: Housing - China - Hong Kong Real property - China - Hong Kong

Download or read book Hong Kong s Housing Policy written by Betty Yung and published by Hong Kong University Press. This book was released on 2008-07-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines housing policy in Hong Kong using a new and unique interdisciplinary approach – combining the philosophical discussion on social justice with policy and housing studies. It considers both Western and Chinese concepts of social justice, and investigates the role of social justice in a public policy such as housing. As a philosophical treatise on social administration, the book will be of interest to philosophy, public administration, and housing studies academics and students of all countries. Since Hong Kong represents a very special case with massive governmental intervention into the housing market, housing professionals and policy makers will find the analysis of Hong Kong's housing policy useful.

Download or read book Housing Home Ownership and Social Change in Hong Kong written by James Lee and published by Routledge. This book was released on 2019-07-23 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume examines the issue that, in the last two decades, the housing system in Hong Kong has witnessed a slow but consistent transition from a tenure dominated by public rental housing to one dominated by private home ownership. This book seeks to explain the unique social organization of home ownership in contemporary Hong Kong. Specifically, the book deals with the genesis of home ownership from three areas: housing histories, family culture and capital gains from home transactions. It is agreed that extreme deprivations in housing conditions in early lives, a strong family culture of mutual help as well as unprecedented capital gains, all contribute towards explaining the complex nature of home ownership growth. In conclusion the book suggests that with China regaining sovereignty after July 1997, the social organization of home ownership will be further complicated by more internal migrations from other parts of China, making housing problems even more acute.

Download or read book The Interactions Between Subsidized and Private Housing Market Under Competitive Search Framework written by Ka Shing Cheung and published by . This book was released on 2008 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Housing Policy Wellbeing and Social Development in Asia written by Rebecca Lai Har Chiu and published by Routledge. This book was released on 2018-05-11 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates how housing policy changes in Asia since the late 1990s have impacted on housing affordability, security, livability, culture and social development. Using case study examples from countries/cities including China, Hong Kong, India, Japan, Taiwan, Korea, Malaysia, Bangladesh, Singapore, Indonesia, Thailand and Vietnam, the contributors contextualize housing policy development in terms of both global and local socio-economic and political changes. They then investigate how policy changes have shaped and re-shaped the housing wellbeing of the local people and the social development within these places, which they argue should constitute the core purpose of housing policy. This book will open up a new dimension for understanding housing and social development in Asia and a new conceptual perspective with which to examine housing which, by nature, is culture-sensitive and people-oriented. It will be of interest to students, scholars and professionals in the areas of housing studies, urban and social development and the public and social policy of Asia.

Download or read book Apply the Experiences in Hong Kong to Study the Effectives of Fiscal Policy and Monetary Policy to Achieve an Adequate Housing Market written by Chi-Kin 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, "Apply the Experiences in Hong Kong, to Study the Effectives of Fiscal Policy and Monetary Policy to Achieve an Adequate Housing Market" by Chi-kin, Chan, 陳子健, 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: Up to 2014, the housing affordability rating of this island reaches 17 and top in a survey covering 378 regions globally. The rating reveals the private housing market in Hong Kong is problematic and distance from achievement of an adequate housing market. Surprisingly, the local government has been performing a major role in the housing market since mid of 20th century. Given the continuous manipulation to the domestic market by the local government, why is the market still denounced twisted? In the paper, different government policies and measurements are examined for its effectiveness on the price of the private residential market. This research aims to investigate and compare the effectiveness between the fiscal and monetary policy applied by the Hong Kong Government on the housing market. In order to achieve an objective and clear analysis, quantitative approach is adopted in this attempt of research. Multiple regression model is built and macro-economic data is input to the model to examination the correlation. The remaining part of this study tries to analyze and explain the result in the model. Subjects: Housing policy - China - Hong Kong

Download or read book On Privatizing Public Housing written by Yue-Chim Richard Wong and published by Hong Kong Economic Policy Stud. This book was released on 1998 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than half of the people of Hong Kong live in heavily subsidized public housing and many are still waiting to be accommodated. This study shows that, unfortunately, the public housing programme has failed to meet basic objectives of efficiency and equity. Considering political consequences, economic benefits, equity effects, social impact and moral dimensions, the author ponders over the issues of privatization.

Download or read book Housing and Social Change written by Ray Forrest and published by Routledge. This book was released on 2003-09-25 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This wide-ranging exploration of the key contemporary relationships between social change and housing is both policy-oriented and theoretical, drawing on a group of internationally-respected academics. It is also multidisciplinary, incorporating sociology, economics, social policy and human geography perspective. Its international perspective is rooted in its examination of issues such as economic insecurity and instability, social diversity, financial and social exclusion, sustainability, privatisation and state legitimacy, the interaction of the global and the local across three continents.

Download or read book Homeownership in Hong Kong written by Chung-kin Tsang and published by Routledge. This book was released on 2021-05-24 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the cultural framework of the connections between homeownership and social stability in Hong Kong. In the post-war period, homeownership became the most preferable housing choice in developed societies, such as Australia, Britain, Japan, Spain, and the United States. In the financialization era, its proliferation aggregated enormous wealth and debt in the housing and mortgage markets, affecting social stability by creating inequality and housing unaffordability. Hong Kong is the most extreme example of this among developed societies – in recent years, the city has made international headlines both for its housing problem and its social instability. By studying the history of homeownership in Hong Kong over a period of four decades, Chung-kin Tsang proposes that homeownership is inseparable from the social imagination of the future, conceptualizing this framework as "hope mechanism". This perspective helps trace the connections between ‘House Buying’ as a hope mechanism – one which is central to subject formation, life goals, and temporal mapping for socially shared life planning – and social stability. Given its unique approach, specifically its use of "hope" as an analytical category, this book will prove to be a useful resource for scholars in economic culture and financialization, and Asian Studies, especially those working on the cultural, sociopolitical, and economic history of Hong Kong.

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 An Inquiry Into the Relationship Between Hong Kong s Current Economic Crisis and Housing Policy written by Lok-sang Ho and published by . This book was released on 2003 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book China s Housing Reform and Outcomes written by Joyce Yanyun Man and published by Lincoln Inst of Land Policy. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.

Download or read book Study of Private Housing Market in Hong Kong written by Sai-ling Yam and published by . This book was released on 2002 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Land and Housing Controversies in Hong Kong written by Betty Yung and published by Springer Nature. This book was released on 2020-07-16 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses land and housing controversies in Hong Kong, which offer a point of reference for the comparison and analysis of similar or contrasting cases overseas from the perspective of social values. It enhances readers’ understanding of the social values, philosophical and theoretical issues that underpin land and housing controversies, as well as their policy implications. The discussion in each chapter goes beyond mere substantive and contextual analysis, and is explicitly positioned and theorized within the broader context of social values, with a theoretical and philosophical framework for assessing the issue concerned. The book is interdisciplinary in nature, with each chapter integrating two or more disciplines to examine various controversial land and housing issues.

Download or read book The Future of Public Housing written by Jie Chen and published by Springer Science & Business Media. This book was released on 2013-12-26 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public housing was once an important strand in western housing policies, but is seldom seen as a mainstream policy instrument for the future. In contrast, in many East Asian countries large public housing programs are underway. Behind these generalizations, there are exceptions, too. By including perspectives of scholars from across the world, this book provides new insights into public housing in its various forms. It contains in-depth chapters on public housing in five East Asian countries and six Western countries, together with three comparative overview chapters.

Download or read book The Misallocation Problem of Subsidized Housing written by Ka Shing Cheung and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing affordable housing has become one of China's key national policy agenda items. The shared-equity model in Hong Kong, implemented since the late 1970s, has assisted many families in owning a home in the public housing market. However, little attention has been paid to their welfare after acquiring their subsidized units. This study aims to examine how shared-equity homeownership distorts residential mobility through in-kind subsidies. Panel data analysis reveals that the more in-kind subsidies owners receive, the longer they would hold on to their units in spite of spatial mismatches. Private owners, on the other hand, would trade their units without such distortion. Conceptually, the lower mobility of assisted owners could be interpreted as a new source of misallocation in Glaeser and Luttmer's welfare analysis. Practically, this throws into question the sustainability of a subsidizing homeownership policy: does the government ultimately want assisted homeowners to move from public housing to private housing in the future (for which high mobility would be intended)? If so, new thinking on how to make in-kind subsidies transferable is needed. Full paper available at https://doi.org/10.3390/su13041855.