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.
| Original language | English |
|---|---|
| Pages (from-to) | 6-20 |
| Journal | ECONOMIC AND POLITICAL STUDIES-EPS |
| Volume | 8 |
| Issue number | 1 |
| Online published | 18 Dec 2019 |
| DOIs | |
| Publication status | Published - 2020 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 11 Sustainable Cities and Communities
Research Keywords
- New housing supply
- oligopolistic market structure
- ownership structure
- real estate developers
- real estate development
Policy Impact
- Cited in Policy Documents
Fingerprint
Dive into the research topics of 'What do we know about housing supply? The case of Hong Kong SAR'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver