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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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PRINTED FROM HONG KONG SCHOLARSHIP ONLINE (www.hongkong.universitypressscholarship.com). (c) Copyright Hong Kong University Press, 2020. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 28 February 2020

Why Speculation Is Not a Bad Thing

Why Speculation Is Not a Bad Thing

Chapter:
(p.131) 18 Why Speculation Is Not a Bad Thing
Source:
Hong Kong Land for Hong Kong People
Author(s):

Yue Chim Richard Wong

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888208654.003.0018

There was no compelling reason to believe the market was failing or that government intervention to curb speculation was warranted. Speculative activities improve economic efficiency. A better appreciation of the mechanism behind the presale arrangements would lead to a more enlightened view about regulating the market for presale housing units. However, this has not happened. In the past 20 years the government has repeatedly intervened in the market to curb speculation whenever there is a public outcry against property price surges.

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

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