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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, 2022. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 19 May 2022

Conclusions and Reflections

Conclusions and Reflections

(p.207) 29 Conclusions and Reflections
Hong Kong Land for Hong Kong People

Yue Chim Richard Wong

Hong Kong University Press

Hong Kong today is providing subsidized housing for 47% of households, 16% in HOS units, and 31% in PRH units. Making these households bona fide homeowners would eliminate in one fell swoop the big divide between the haves and the have-nots. Together with the existing 37% who are private sector owners, the total percentage of homeowners in Hong Kong could become 84%. Since there is no cost in giving away the land values in the public housing sector, it is the biggest free lunch policy Hong Kong can announce. A society with 84% homeownership has to be the best defense against the stresses originating from deep economic integration. And it could be achieved at no cost to society.

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

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