Chapter

Housing policy at a crossroad?

James Kin-ching Lee

in Repositioning the Hong Kong Government

Published by Hong Kong University Press

Published in print March 2012 | ISBN: 9789888083497
Published online September 2012 | e-ISBN: 9789882209107 | DOI: http://dx.doi.org/10.5790/hongkong/9789888083497.003.0008
Housing policy at a crossroad?

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Using comparisons with the experience in Singapore, this chapter reflects on the philosophical foundations of Hong Kong's land-supply and housing policies, arguing for a justification of government intervention on the grounds both of efficiency, because of market failures, and of equity, because of the need to ensure access to housing and home finance, particularly for the lower-paid. In a review of recent volatility and policy errors, the chapter argues for policies that are less fixated on home ownership.

Keywords: Hong Kong; Singapore; Housing policy; Home ownership; Land supply; Market failure

Chapter.  7576 words.  Illustrated.

Subjects: Asian History

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