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Private land use for public housing projects: The Influence of a Government Announcement on Housing Markets in Hong Kong

Cong Liang, Eddie C.M. Hui, Tsz Leung Yip and Yaoxuan Huang

Land Use Policy, 2020, vol. 99, issue C

Abstract: Insufficient land supply and housing shortage limit the development in Hong Kong. To tackle such obstacles, the Hong Kong government launched a new housing initiative in June 2018, that is, to reallocate private housing sites for public housing in East Kowloon. Yet, the initiative may give rise to two important questions: (1) how does this initiative affect the housing searching behaviour in the housing market; and (2) in what way should the new public housing be developed, if it is to be compatible with the host neighborhood - by the public sector, or with the participation of the private sector. Little is known about the possible impacts of such an initiative.

Keywords: Housing policy; Land use policy; Search behavior; Spatial econometrics; Housing markets (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:99:y:2020:i:c:s0264837720310565

DOI: 10.1016/j.landusepol.2020.105067

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