TY - JOUR
T1 - Home-ownership under economic uncertainty
T2 - The role of subsidised sale flats in Hong Kong
AU - Lee, James
AU - Yip, Ngai
PY - 2001/2
Y1 - 2001/2
N2 - Home-ownership in Hong Kong has been hailed as the preferred tenure during the past two decades. Since 1987 the government has pursued a home-ownership policy, mainly by encouraging private-sector development and by providing a limited number of flats for sale. While home-ownership is still cherished as the bulwark of housing policy, the Asian financial crisis of 1997 has made it extremely risky. This paper is concerned with the risks of home-ownership, its relationship with the economy and the implications of a home-ownership policy for the role of the state. It is argued that while home-ownership may be risky the state, through appropriate institutional arrangements, can share risk and responsibilities with home-owners.
AB - Home-ownership in Hong Kong has been hailed as the preferred tenure during the past two decades. Since 1987 the government has pursued a home-ownership policy, mainly by encouraging private-sector development and by providing a limited number of flats for sale. While home-ownership is still cherished as the bulwark of housing policy, the Asian financial crisis of 1997 has made it extremely risky. This paper is concerned with the risks of home-ownership, its relationship with the economy and the implications of a home-ownership policy for the role of the state. It is argued that while home-ownership may be risky the state, through appropriate institutional arrangements, can share risk and responsibilities with home-owners.
UR - http://www.scopus.com/inward/record.url?scp=0040027330&partnerID=8YFLogxK
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-0040027330&origin=recordpage
U2 - 10.3828/twpr.23.1.c263w20r70l06j9u
DO - 10.3828/twpr.23.1.c263w20r70l06j9u
M3 - RGC 21 - Publication in refereed journal
SN - 0142-7849
VL - 23
SP - 61
EP - 78
JO - Third World Planning Review
JF - Third World Planning Review
IS - 1
ER -
