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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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Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories

Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories

(p.157) 22 Lima’s Other Path, Tsoi Yuen Village, and the Northeast New Territories
Hong Kong Land for Hong Kong People

Yue Chim Richard Wong

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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