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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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Supply and Demand Factors in Housing

Supply and Demand Factors in Housing

(p.17) 3 Supply and Demand Factors in Housing
Hong Kong Land for Hong Kong People

Yue Chim Richard Wong

Hong Kong University Press

Matching demand and supply today is no longer simply about matching the number of units to the number of households. It is also about meeting the preferences of different households for different types of units, recognizing why these preferences will change over people’s life cycle, and understanding why they are influenced by market conditions such as business cycles. The demand of households is far more dynamic than that of previous generations and requires a multidimensional dynamic market approach, not simply a plan and command approach.

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

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