In this Book
- Hong Kong Land for Hong Kong People: Fixing the Failures of Our Housing Policy
- Book
- 2015
- Published by: Hong Kong University Press, HKU
summary
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.
Table of Contents
Download Full Book
- Illustrations
- pp. ix-x
- Section I: Hong Kong Housing Policies over the Years
- Section II: People, Public Housing, and Serfdom
- Section III: The Wider Economic Influences on Housing Policies
- 17. Reasons for Keeping the Linked Rate
- pp. 123-129
- 18. Why Speculation Is Not a Bad Thing
- pp. 131-136
- Section IV: The Political Economy of Land Use
- Section V: Creating a City of Homeowners
- 29. Conclusions and Reflections
- pp. 207-214
Additional Information
ISBN
9789888313044
Related ISBN(s)
9789888208654
MARC Record
OCLC
900825920
Pages
232
Launched on MUSE
2015-01-27
Language
English
Open Access
No