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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: 27 February 2020

Conclusions and Reflections

Conclusions and Reflections

Chapter:
(p.207) 29 Conclusions and Reflections
Source:
Hong Kong Land for Hong Kong People
Author(s):

Yue Chim Richard Wong

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888208654.003.0029

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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