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Housing Policies in Hong Kong, China and the People’s Republic of China
Jing Li, Victor 2016-04-25
Abstract
This paper analyzes the housing markets and housing policies in Hong Kong, China and the People’s Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property development model, which involves close collaboration between the government and property developers in compact urban areas, while leaving most greenbelts and surrounding islands underdeveloped. Although the PRC has pledged to maintain a minimum level of basic farmland to feed its large population, this target has often been compromised due to local governments’ fiscal constraints and growth concerns.
이전글 | The Fiscal Risk of Local Government Revenue in the People’s Republic of China | 2016-04-25 |
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다음글 | Beneficiaries of Quickening SOE Reforms | 2016-04-25 |