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

Victor Jing Li
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Victor Jing Li: Asian Development Bank Institute

No 566, ADBI Working Papers from Asian Development Bank Institute

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 (search for similar items in EconPapers)
JEL-codes: H11 H72 P25 P26 R21 R28 R31 R38 R52 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2016-04-21
New Economics Papers: this item is included in nep-cna, nep-sea, nep-tra and nep-ure
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbiwp:0566

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