Home-ownership under economic uncertainty : The role of subsidised sale flats in Hong Kong
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 61-78 |
| Journal / Publication | Third World Planning Review |
| Volume | 23 |
| Issue number | 1 |
| Publication status | Published - Feb 2001 |
Link(s)
Abstract
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.
Citation Format(s)
Home-ownership under economic uncertainty: The role of subsidised sale flats in Hong Kong. / Lee, James; Yip, Ngai.
In: Third World Planning Review, Vol. 23, No. 1, 02.2001, p. 61-78.
In: Third World Planning Review, Vol. 23, No. 1, 02.2001, p. 61-78.
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
