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Changing Housing Policy Landscapes in Asia Pacific


  • Richard Ronald
  • Rebecca Chiu


The Asia Pacific region, and in particular East Asia, underwent rapid urbanisation and industrialisation in the latter decades of the twentieth century. Central to this transformation was intensive public and private investment in the housing sector. Although housing was largely commodified, public subsidies and state policy directives were particularly intense. In the twenty-first century however, the landscape of housing policy has shifted. While the 1997-98 Asian Financial Crisis marked a watershed in economic conditions, other social, political and demographic changes have also subsequently come to bare. In recent years, housing affordability has become a core issue, and a focus of housing interventions, in most Asia Pacific societies as the efficacy of previous housing policies diminished and economic contexts changed. Housing market volatility has in many countries become the norm and economic growth, turbulent. The housing needs of low-income households have become increasingly exigent influencing considerable realignment in policy agendas among traditionally development focused and, often, authoritarian governments. This introduction to this special issue examines changes in Asia Pacific housing contexts with specific reference to recent economic crises as well as key political and socioeconomic developments. The articles in this issue - mostly country specific, but with one comparative paper - provide varied insights into how diverse urban, political and socioeconomic situations are shaping, and being shaped by, housing systems and housing policy responses.

Suggested Citation

  • Richard Ronald & Rebecca Chiu, 2010. "Changing Housing Policy Landscapes in Asia Pacific," International Journal of Housing Policy, Taylor & Francis Journals, vol. 10(3), pages 223-231.
  • Handle: RePEc:taf:intjhp:v:10:y:2010:i:3:p:223-231 DOI: 10.1080/14616718.2010.506736

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    References listed on IDEAS

    1. Case Karl E. & Quigley John M. & Shiller Robert J., 2005. "Comparing Wealth Effects: The Stock Market versus the Housing Market," The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-34, May.
    2. Edward E. Leamer, 2007. "Housing is the business cycle," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 149-233.
    3. David L. Wickens & Ray R. Foster, 1937. "Non-Farm Residential Construction, 1920-1936," NBER Books, National Bureau of Economic Research, Inc, number wick37-1, January.
    4. Karl E. Case & Robert J. Shiller, 1988. "The behavior of home buyers in boom and post-boom markets," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 29-46.
    5. David Genesove & Christopher Mayer, 2001. "Loss Aversion and Seller Behavior: Evidence from the Housing Market," The Quarterly Journal of Economics, Oxford University Press, vol. 116(4), pages 1233-1260.
    6. Robert J. Shiller, 2007. "Understanding recent trends in house prices and homeownership," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 89-123.
    7. Richard K. Green & Susan M. Wachter, 2007. "The housing finance revolution," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 21-67.
    8. Zarnowitz, Victor, 1992. "Business Cycles," National Bureau of Economic Research Books, University of Chicago Press, number 9780226978901.
    9. Dwight M. Jaffee & John M. Quigley, 1975. "Housing Policy, Mortgage Policy, and the Federal Housing Administration," NBER Chapters,in: Measuring and Managing Federal Financial Risk, pages 97-125 National Bureau of Economic Research, Inc.
    10. David L. Wickens & Ray R. Foster, 1937. "Non-Farm Residential Construction, 1920-1936," NBER Chapters,in: Non-Farm Residential Construction, 1920-1936, pages 1-20 National Bureau of Economic Research, Inc.
    11. Karl E. Case & Robert J. Shiller, 2003. "Is There a Bubble in the Housing Market?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 34(2), pages 299-362.
    12. Moses Abramovitz, 1964. "Evidences of Long Swings in Aggregate Construction Since the Civil War," NBER Books, National Bureau of Economic Research, Inc, number abra64-1, January.
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    Cited by:

    1. Kazuya Tani & Yoshiyuki Kikuchi & Hideo Takaoka & Shubin Lin, 2014. "Housing Acquisition Process for Public Housing and Commodity Housing in Shanghai: A Survey of Residents," International Real Estate Review, Asian Real Estate Society, vol. 17(3), pages 415-444.

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    Asia Pacific; East Asia; welfare; housing policy;


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