- 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
Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories
Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories
- Chapter:
- (p.157) 22 Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories
- Source:
- Hong Kong Land for Hong Kong People
- Author(s):
Yue Chim Richard Wong
- Publisher:
- Hong Kong University Press
The rise of Hong Kong’s public housing program can be ultimately traced to three factors. First was the arrival of new immigrants that increased the population from 600,000 in 1945 to 2.3 million in 1951. Second were the effects of the government’s disastrous imposition of rent control on prewar housing in 1947. And third was the government’s hostility to development in the early years of the postwar period. The huge increase in the demand for housing was met with policies that made it extremely difficult for developers to redevelop the existing housing stock. An effective private sector supply response thus was prevented. But are their alternative solutions to an explosive growth in housing demand resulting from the arrival of immigrants into urban centres? Economist Hernando de Soto’s account of the efforts to understand and resolve the squatter settlements in Lima, Peru shows an alternative approach that Hong Kong should seriously consider adopting to resolve its housing problem.
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
