Hui, E C M; Ho, M F and Tam, S H (1998) Review of public housing rent policy in Hong Kong. Journal of Financial Management of Property and Construction, 3(3), pp. 75-88. ISSN 1366-4387
Abstract
About 35%, comprising about 700,000 households, of the Hong Kong population live in public rental housing estates provided by the Hong Kong Housing Authority which is a quasi-government organization. The majority of these tenants are of the lower income group and so social or "administrative " rents are charged. Yet, the rent of such social housing has been heatedly debated between pressure groups, political parties and the government. This research paper addresses the determinants of such rents. It starts by reviewing the rationale of such social housing in Hong Kong. This is followed by a theoretical framework within which to investigate the possible determinants of such social housing rents-namely, location, social and environmental facilities, cost, inflation, relative estate value, affordability, economic factors, and political factors. The concluding part draws out the implications of the dominating or over-riding determinants of such rents and how they might affect government's decision to hold existing or build more such new housing.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | administrative rents, location, housing affordability, relative estate value, economic factors |
| Index terms: | tenant, housing affordability, research paper, housing estate, affordability, housing, inflation, population, Hong Kong, economic factor, determinant, social housing, political factor, household, income, public housing |
| Subjects: | demography, housing and residential development, economic development, Geography, economic concepts, economic analysis, construction type, research dissemination and communication, practitioner, political science, industry analysis, risk assessment |
| Topics: | Geographical Context, Risk Management, Urban Studies, Research Practice, Information Management, Business Strategy, Construction Technology, Governance, Roles and Professions |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here