TY - JOUR
T1 - Land value capture mechanisms in Hong Kong and Singapore
T2 - A comparative analysis
AU - Chi-Man Hui, Eddie
AU - Sze-Mun, Vivian
AU - Kim-Hin, David
N1 - Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].
PY - 2004/2/1
Y1 - 2004/2/1
N2 - Hong Kong and Singapore are characterized by rapid economic development and a high population density of 6,250 and 6,055 per km2 land respectively. Land revenue is their major source of income to finance their public infrastructure and social services. Their design and collection of taxes on land, their value-capture instruments and their allocation of revenue for public works are examined. The article finds that there are some similarities between the two cities in capturing land value, such as the collection of annual rates and stamp duty on property. The differences include the adoption of property tax surcharge and the development charge. In fact, each mechanism has its pros and cons. The method and the extent of each mechanism depend on the goals of the government in respect of the social and economic conditions. © 2004, Emerald Group Publishing Limited
AB - Hong Kong and Singapore are characterized by rapid economic development and a high population density of 6,250 and 6,055 per km2 land respectively. Land revenue is their major source of income to finance their public infrastructure and social services. Their design and collection of taxes on land, their value-capture instruments and their allocation of revenue for public works are examined. The article finds that there are some similarities between the two cities in capturing land value, such as the collection of annual rates and stamp duty on property. The differences include the adoption of property tax surcharge and the development charge. In fact, each mechanism has its pros and cons. The method and the extent of each mechanism depend on the goals of the government in respect of the social and economic conditions. © 2004, Emerald Group Publishing Limited
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U2 - 10.1108/14635780410525153
DO - 10.1108/14635780410525153
M3 - RGC 21 - Publication in refereed journal
SN - 1463-578X
VL - 22
SP - 76
EP - 100
JO - Journal of Property Investment & Finance
JF - Journal of Property Investment & Finance
IS - 1
ER -
