Preview

The Housing Problem in Hong Kong

Satisfactory Essays
Open Document
Open Document
622 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Housing Problem in Hong Kong
Calvin & Tiffunny

The housing problem in Hong Kong

In 28 Dec.,2012, Greenview Villa began to accept Interested buyers, the initial enthusiastic response from the rigid demand of the property market property prices, has received about 600 copies of the first day of registration, to reflect the rigid housing demand in Hong Kong strong, to face a serious shortage of supply, high property prices high, and the public in buying difficult, apart from rising rents lead to the living environment of the grassroots more apparent retrogression, the situation is worrying.

Greenview Villa "this is the previous government to ease the ease the housing problems of the product, originally funded by the government, so that the sandwich class of first-time home buyers rent to buy, named" MHPP. Mr Tsang announced in his policy address in October by 2010 to launch this program, the main reason is the government stubbornly refused social resumption of HOS requirements, then submitted alternative to respond to the voice of the public subsidized housing.

Over the past two years, the Hong Kong property prices continued to rise, the housing problem is becoming more deterioration from during the campaign the Chief Executive to after taking office, Leung Chun-ying are advocated re-launch the HOS policies, but need to build, " Greenview Villa " just the change the "use" somehow become HOS speedy relief.

In recent years, the prices of property are so high, it is because the first one is in short supply, the second one is the low interest rate environment "pushes" demand diminishing nearly out of control. I think the only solution is to increase supply, curb demand. However, increasing the supply of land to speed up housing construction, none of a quick fix may not three or five years, hard to bear fruit, it is far from the water can not put out a close fire.

In addition, along with Hong Kong after the 1980s and 1990s the economic take-off, a lot of fifty or sixty members of

You May Also Find These Documents Helpful

  • Good Essays

    econ1401 assignment

    • 300 Words
    • 2 Pages

    There seems to be a positive correlatino between the economy and housing prices and rent and occupied dwellings. When the economy is strong and in an upturn, prices rise. When the economy has a downturn, prices and occupied dwellings fall. Demand is mainly based on the economy within this town as population barely changes over the 30 or so years.…

    • 300 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Demand for property is increasing the house prises so a lot of locals are forced to sell…

    • 774 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Uk Housing Market

    • 726 Words
    • 3 Pages

    The learning of economics begins with the needs and wants of materials. Everyone needs basic things to live their life: food, air, water and shelter. With the advancement of science and technology people desires become more sophisticated, now they don’t need just food they need “ Dominos pizza” or “Mc Donald Burger”, they want to wear designer wears, they don’t like just a room to live in they want buildings or their own home. More the variety increases and become more refined, the economy becomes more composite too. The study of supply and demand, basic concepts of economics is fundamental in today’s property market because even a single economic decision can change the market greatly. “The interplay of demand (the behaviour of buyers) and supply (the behaviour of sellers) determines the quantity of the good produced and the price at which it bought and sold.” David Begg, 2005. The impact of Supply and Demand could be influenced by many factors. “Demand describes the behaviour of buyers at every price” (David Begg, 2005). The demand in rental market increases to buy property if price goes down, however sellers will loss on their houses hence supply will decrease. If the price of property increases, consumers selling their property would make profit, increasing supply though unaffordability of consumer will make demand to fall.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Housing Bubble In Canada

    • 797 Words
    • 4 Pages

    Housing price is a sensitive issue for everyone. Generally, the more expensive houses are, the more difficult it is for people to live. In fact, Toronto is one of the cities which has the most expensive housing price in the world. According to Royal Lepage’s website, an average Toronto house price was 624,923$ in 2015, the second highest price among all Canadian cities. Moreover, an article by Sherman (2016) states that Toronto’s house price was increased by 8 percent in 2015; this figure was ranked 12th in the world. As we can see, People who live in Toronto have been suffering from this problem. It is clear that an effective solution that stabilizes Toronto’s high housing price should be suggested by the Mayor of Toronto.…

    • 797 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Transitional Housing

    • 4363 Words
    • 18 Pages

    It will be recalled that in the last week, the Chief Executive announced ten measures on housing supply, one of the HA Chai Wan industrial buildings converted to public housing units. In addition, a measure is summed up HA changed after the work experience of buildings into residential units, will also be under the premise of the policy in the revitalization of industrial buildings, to see if there is no way to wipe out existing Town Planning and Building Ordinance "under some of the barriers, some privately owned industrial buildings to residential use.…

    • 4363 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Rent Control

    • 1482 Words
    • 6 Pages

    However, in the long run, the landlords have no reason to repair and improve the quality of their house as well as adding new accommodations because the rent cannot go higher. People flock to the city to find their low price house. This will lead to increase the shortage in rental market. For example, in Washington, D.C., after imposing rent control, the number of apartments has fallen from 199,100 to 175,900, ‘and new construction has virtually ceased’ (Bandow 1990, p.327).…

    • 1482 Words
    • 6 Pages
    Better Essays
  • Good Essays

    scottish economy

    • 791 Words
    • 4 Pages

    However for some, many first time buyers, this was the perfect time to get on the property ladder as house prices plummeted. Banks may have been reluctant to lend, but with a decent deposit many ‘’struck it lucky.’’ Others, who had made their fortune beforehand, now are able to add homes to their portfolios at a fraction of the price. Since many people now have to rent, there is a substantial market for Buy to let properties. A clever businessman would see this as a golden opportunity and take full advantage.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Hong Kong is an amazing place. Due to its unique history and location, Hong Kong became an international city. Most of the rich companies in Hong Kong rely on the estate’s business. The fact is that Hong Kong is just a small place, land supply is extremely limited. But the population never stops growing. In this situation, businessmen keep rising the land price or the rent. As government needs more income to enrich the reserve and keeps providing land piece to the market, Land sales must continue.…

    • 897 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Project1 Subdivided Unit

    • 1643 Words
    • 7 Pages

    problems of subdivided units and a poor living environment? In the long term, how can Hong Kong improve…

    • 1643 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    A change in population structure was another result of economic restructuring. Hong Kong had a young population in the 1950s and 1960s. The proportion of the under-15 age group to the total population soared from 30.4% in 1951 to 41% in 1961 due to the post-war baby boom. Besides, the 65 and over age group did not change much in proportion to the total population as death rate remained at a low level.…

    • 1248 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    unsolvable by adding the demand on real estate. As we all know, demand affect price, higher of…

    • 459 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Profile of Hong Kong

    • 24860 Words
    • 100 Pages

    the Gini coefficient of Hong Kong from 0.533 in 2006 to 0.537 in 2011. There was also mass agitation against the…

    • 24860 Words
    • 100 Pages
    Powerful Essays
  • Best Essays

    Housing policy of Singapore as a role model in the Asian cities. Also, the efforts and results of housing policy in Singapore are highly recognized and appreciated. Moreover, it increases the legitimacy of the government.…

    • 1625 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Given that Singapore have land scarcity, how are these housing going to be build? National Research Foundation has been given $135 million for research and suitable land development. To increase physical capacity and make sure that Singapore remains habitable, they also seek for new technology and creative solutions.…

    • 395 Words
    • 2 Pages
    Satisfactory Essays