- Title Pages
- Dedication
- Illustrations
- Preface
- 1 Time to Count the Social Cost of Uniting a People Divided
- 2 Setting the Scene
- 3 Supply and Demand Factors in Housing
- 4 On the Nature of Public Sector Housing Policies in Hong Kong
- 5 Comparing Public Sector Housing Policies in Hong Kong and Singapore
- 6 Equal Yet Unequal
- 7 The Inequity of Small Housing Units
- 8 Small Housing Units and High Property Prices
- 9 On Public Housing Policy and Social Justice
- 10 Economic and Social Consequences of Public Housing Policies
- 11 Demand for Homeownership and the Housing Ladder
- 12 How to Warm Up the HOS Secondary Market
- 13 Divorce, Remarriage, and the Long-Term Housing Strategy
- 14 Divorce, Inequality, Poverty, and the Vanishing Middle Class
- 15 The Impact of Global Economic Forces on Housing in Hong Kong
- 16 The Linked Rate, Domestic Stability, and Dual Integration
- 17 Reasons for Keeping the Linked Rate
- 18 Why Speculation Is Not a Bad Thing
- 19 Speculators, Property Agents, and the Spreading of Risk in the Presale Housing Market
- 20 How the Application List System Became the Winner’s Curse
- 21 Is There a High Land-Price Policy in Hong Kong?
- 22 Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories
- 23 Stranded between Singapore’s Way and Lima’s Other Path
- 24 Subsidized Housing and Stability
- 25 Diversity and Occasional Anarchy
- 26 Population, Poverty, and the Triumph of the City
- 27 Eighty Percent Homeownership (Part 1)
- 28 Eighty Percent Homeownership (Part 2)
- 29 Conclusions and Reflections
- Epilogue
The Linked Rate, Domestic Stability, and Dual Integration
The Linked Rate, Domestic Stability, and Dual Integration
- Chapter:
- (p.115) 16 The Linked Rate, Domestic Stability, and Dual Integration
- Source:
- Hong Kong Land for Hong Kong People
- Author(s):
Yue Chim Richard Wong
- Publisher:
- Hong Kong University Press
Hong Kong was able to stay with the fixed rate because it possessed one of the world’s most flexible economies in wages and prices, a robust banking system, and a sound fiscal policy. This helped Hong Kong to weather the shocks better than most other economies, although it did not save two Chief Executives from being the targets of massive public protests.
Keywords: Hong Kong, Housing, Housing policy, Public Housing, Politics, Social mobility, Population, Economics, Growth
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- Title Pages
- Dedication
- Illustrations
- Preface
- 1 Time to Count the Social Cost of Uniting a People Divided
- 2 Setting the Scene
- 3 Supply and Demand Factors in Housing
- 4 On the Nature of Public Sector Housing Policies in Hong Kong
- 5 Comparing Public Sector Housing Policies in Hong Kong and Singapore
- 6 Equal Yet Unequal
- 7 The Inequity of Small Housing Units
- 8 Small Housing Units and High Property Prices
- 9 On Public Housing Policy and Social Justice
- 10 Economic and Social Consequences of Public Housing Policies
- 11 Demand for Homeownership and the Housing Ladder
- 12 How to Warm Up the HOS Secondary Market
- 13 Divorce, Remarriage, and the Long-Term Housing Strategy
- 14 Divorce, Inequality, Poverty, and the Vanishing Middle Class
- 15 The Impact of Global Economic Forces on Housing in Hong Kong
- 16 The Linked Rate, Domestic Stability, and Dual Integration
- 17 Reasons for Keeping the Linked Rate
- 18 Why Speculation Is Not a Bad Thing
- 19 Speculators, Property Agents, and the Spreading of Risk in the Presale Housing Market
- 20 How the Application List System Became the Winner’s Curse
- 21 Is There a High Land-Price Policy in Hong Kong?
- 22 Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories
- 23 Stranded between Singapore’s Way and Lima’s Other Path
- 24 Subsidized Housing and Stability
- 25 Diversity and Occasional Anarchy
- 26 Population, Poverty, and the Triumph of the City
- 27 Eighty Percent Homeownership (Part 1)
- 28 Eighty Percent Homeownership (Part 2)
- 29 Conclusions and Reflections
- Epilogue
