hong kong housing profile

Housing and Settlements

Hong Kong SAR Profile

May 2014

130600590

Contents

Hong Kong has transitioned from a high

growth phase to a low growth phase.

(World Population Review, 2014)

1. Introduction

1.1 Administration

1.2 Population and Demographics

H

1.3 Economy 2

4 United Nations Department of Economic and Social Affairs

(2013) 5 Florida; Martin Prosperity Institute (2011)

2. Housing Stock 2.1 Overview

3

2.2 Affordability

3. Types of Housing (Please see appendix 1 for a more specific description of each individual house type)

3.1 Formal 6

Hong Kong is a heaven to rich families a

hell to grass roots.

(Ho Lap College, 2013)

3.2 Informal 7

Hong Kong aims to take a supply–led strategy with a focus on public housing

(Policy Address, 2014)

4. Market Shortfall

4.1 Present and Future Need

T

5. Property Acquisition

5.1 Middle-to-High Income Households

5.2 Middle-Income Households

F

5.3 Low-Income Households 11

6. Case Study: Sham Shui Po

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6.1 Health and Wellbeing12

6.2 Sanitation and Ventilation

6.3 Safety

6.4 Cost 13

Finding an adequate amount of land to meet Hong Kong’s housing supply target

will involve making choices and accepting

trade-offs.

(Policy Address, 2014)

7. Barriers to Development 7.1 Land Availability

14

7.2 Maintaining Economic Growth

7.3 Upholding Liberal Principles

In all markets Hong Kong is keen to uphold its “Big Market, Small

Government” principles.

(HK Government, 2012)

7.4 Interest Rates 15

8. Conclusion

8.1 Suggestions for Improvement 16

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Appendix 1 Specific Description of House Types

Bibliography