What do we know about housing supply? The case of Hong Kong SAR
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 6-20 |
| Journal / Publication | ECONOMIC AND POLITICAL STUDIES-EPS |
| Volume | 8 |
| Issue number | 1 |
| Online published | 18 Dec 2019 |
| Publication status | Published - 2020 |
Link(s)
Abstract
The house price in the Hong Kong SAR of China is well-known to be ‘unaffordable’. This paper relates the macroeconomy with the housing market of Hong Kong and argues that the housing supply plays a vital role in explaining the phenomenon. This paper also shows that there are some practical challenges in understanding the housing supply of Hong Kong, including the potentially complicated ownership structure of real estate development. While the discussion centres on the situation of Hong Kong, its lesson may also apply to housing markets in other small open economies.
Research Area(s)
- New housing supply, oligopolistic market structure, ownership structure, real estate developers, real estate development
Citation Format(s)
What do we know about housing supply? The case of Hong Kong SAR. / Leung, Charles Ka Yui; Ng, Joe Cho Yiu; Tang, Edward Chi Ho.
In: ECONOMIC AND POLITICAL STUDIES-EPS, Vol. 8, No. 1, 2020, p. 6-20.
In: ECONOMIC AND POLITICAL STUDIES-EPS, Vol. 8, No. 1, 2020, p. 6-20.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
