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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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PRINTED FROM HONG KONG SCHOLARSHIP ONLINE (www.hongkong.universitypressscholarship.com). (c) Copyright Hong Kong University Press, 2022. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 23 May 2022

On Hong Kong’s High Land Prices

On Hong Kong’s High Land Prices

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

Yue Chim Richard Wong

Hong Kong University Press

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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