What do we know about housing supply? The case of Hong Kong SAR

被引：9

作者：

Leung, Charles Ka Yui ^{[1
]}

Ng, Joe Cho Yiu ^{[1
]}

Tang, Edward Chi Ho ^{[2
]}

机构：

[1] City Univ Hong Kong, Dept Econ & Finance, Hong Kong, Peoples R China

[2] Hong Kong Shue Yan Univ, Dept Econ & Finance, Hong Kong, Peoples R China

来源：

ECONOMIC AND POLITICAL STUDIES-EPS | 2020年 / 8卷 / 01期

关键词：

New housing supply; oligopolistic market structure; ownership structure; real estate development; real estate developers; MARKET; CONTESTABILITY;

D O I：

10.1080/20954816.2019.1691705

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

The house price in the Hong Kong SAR of China is well-known to be 'unaffordable'. This paper relates the macroeconomy with the housing market of Hong Kong and argues that the housing supply plays a vital role in explaining the phenomenon. This paper also shows that there are some practical challenges in understanding the housing supply of Hong Kong, including the potentially complicated ownership structure of real estate development. While the discussion centres on the situation of Hong Kong, its lesson may also apply to housing markets in other small open economies.

引用

页码：6 / 20

页数：15

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