- 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
Comparing Public Sector Housing Policies in Hong Kong and Singapore
Comparing Public Sector Housing Policies in Hong Kong and Singapore
- Chapter:
- (p.35) 5 Comparing Public Sector Housing Policies in Hong Kong and Singapore
- Source:
- Hong Kong Land for Hong Kong People
- Author(s):
Yue Chim Richard Wong
- Publisher:
- Hong Kong University Press
Both Singapore and Hong Kong have massive public sector housing programs on a scale that is unprecedented in free market capitalist economies. Approximately four-fifths of Singaporeans and half of Hong Kong residents live in government-provided subsidized housing. But the two programs are critically different because of their different policies on homeownership and tenancy rights. Singapore has allowed for the establishment of an active market in public sector housing for rental and for purchase and sale. But in Hong Kong, restrictions have made the market for such units nonexistent and nonfunctional, with grave consequences for matters beyond housing issues. To consider a way out of this morass, it is useful to study the case of Singapore.
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
