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Hong Kong Land for Hong Kong People$
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Yue Chim Richard Wong

Print publication date: 2015

Print ISBN-13: 9789888208654

Published to Hong Kong Scholarship Online: September 2015

DOI: 10.5790/hongkong/9789888208654.001.0001

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Demand for Homeownership and the Housing Ladder

Demand for Homeownership and the Housing Ladder

(p.77) 11 Demand for Homeownership and the Housing Ladder
Hong Kong Land for Hong Kong People

Yue Chim Richard Wong

Hong Kong University Press

Public pressure on government to reintroduce the HOS reappeared after 2010. When the US Federal Reserve announced a policy of quantitative easing to jumpstart the US economy. American funds flowed into the emerging economies in the world, and in Hong Kong rising home prices in the private market reignited concern among middle-income households that their aspirations for homeownership were being frustrated. It is obvious there is an enormous desire within this community for people to own their own homes. The past 30 years have convinced the people of Hong Kong that property prices are highly volatile but will rise, and those caught without a flat to call their own will have much to regret later in life.

Keywords:   Hong Kong, Housing, Housing policy, Public Housing, Politics, Social mobility, Population, Economics, Growth

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