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Fixing Inequality in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2017

Print ISBN-13: 9789888390625

Published to Hong Kong Scholarship Online: January 2018

DOI: 10.5790/hongkong/9789888390625.001.0001

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On Hong Kong’s High Land Prices

On Hong Kong’s High Land Prices

Chapter:
(p.202) 27 On Hong Kong’s High Land Prices
Source:
Fixing Inequality in Hong Kong
Author(s):

Yue Chim Richard Wong

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888390625.003.0027

Demand management cannot curb property price increases when demand continues to grow faster than supply. Punitive measures only bring temporary political relief for governments faced with mounting public pressure angrily demanding that something be done. Punitive demand management measures sends the wrong messages by focusing attention on property prices rather than supply shortages. The public becomes frustrated when property prices are not successfully curbed, except in the short run.

Keywords:   High land price policy, Globalization, Low interest rate, Property prices

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