- 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
Supply and Demand Factors in Housing
Supply and Demand Factors in Housing
- Chapter:
- (p.17) 3 Supply and Demand Factors in Housing
- Source:
- Hong Kong Land for Hong Kong People
- Author(s):
Yue Chim Richard Wong
- Publisher:
- 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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- 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
