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Private land use for public housing projects: The Influence of a Government Announcement on Housing Markets in Hong Kong

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  • Liang, Cong
  • Hui, Eddie C.M.
  • Yip, Tsz Leung
  • Huang, Yaoxuan

Abstract

Insufficient land supply and housing shortage limit the development in Hong Kong. To tackle such obstacles, the Hong Kong government launched a new housing initiative in June 2018, that is, to reallocate private housing sites for public housing in East Kowloon. Yet, the initiative may give rise to two important questions: (1) how does this initiative affect the housing searching behaviour in the housing market; and (2) in what way should the new public housing be developed, if it is to be compatible with the host neighborhood - by the public sector, or with the participation of the private sector. Little is known about the possible impacts of such an initiative.

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  • Liang, Cong & Hui, Eddie C.M. & Yip, Tsz Leung & Huang, Yaoxuan, 2020. "Private land use for public housing projects: The Influence of a Government Announcement on Housing Markets in Hong Kong," Land Use Policy, Elsevier, vol. 99(C).
    • Handle: RePEc:eee:lauspo:v:99:y:2020:i:c:s0264837720310565
    DOI: 10.1016/j.landusepol.2020.105067
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    4. Liang, Cong & Huang, Yaoxuan & Yip, Tsz Leung & Li, Victor Jing, 2022. "Does rail transit development gentrify neighborhoods? Evidence from Hong Kong," Transportation Research Part A: Policy and Practice, Elsevier, vol. 155(C), pages 354-372.

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