Housing Policies in Hong Kong, China and the People's Republic of China

34 Pages Posted: 3 May 2016

See all articles by Jing Li

Jing Li

The Chinese University of Hong Kong

Date Written: April 21, 2016

Abstract

This paper analyzes the housing markets and housing policies in Hong Kong, China and the People’s Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property development model, which involves close collaboration between the government and property developers in compact urban areas, while leaving most greenbelts and surrounding islands underdeveloped. Although the PRC has pledged to maintain a minimum level of basic farmland to feed its large population, this target has often been compromised due to local governments’ fiscal constraints and growth concerns.

Keywords: PRC housing market, Hong Kong, China, housing affordability, housing subsidies

JEL Classification: H11, H72, P25, P26, R21, R28, R31, R38, R52

Suggested Citation

Li, Jing, Housing Policies in Hong Kong, China and the People's Republic of China (April 21, 2016). ADBI Working Paper 566, Available at SSRN: https://ssrn.com/abstract=2768070 or http://dx.doi.org/10.2139/ssrn.2768070

Jing Li (Contact Author)

The Chinese University of Hong Kong ( email )

Shatin
N.T.
Hong Kong

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