Housing Problem in Hk

Housing issue is a contention problem in Hong Kong. As we all know, Hong Kong has a huge among of population just now lack of estate for development. Land resources become race and valuable. The broad(prenominal)-price of construct is unaffordable for grass-roots class and even some middle-class rent or buy. Public lodging is a way for them to choose, however, the supply of public housings have been decreased because the changes of housinSSg indemnity. And the cancelation of regular land auctions indemnity also bring out some problems. Also, there atomic number 18 many a(prenominal) a(prenominal) living problems rounding us, for instance, the sequence of waiting a ordinary rental residence is similarly long, and the price of offstage properties are irrationally increasing that light-emitting diode people speculative the housing indemnity of Hong Kong g overnment. In the avocation paragraphs, I am going to mention about the changes of housing policy and expl ore whether the government failed in the housing policy that leads so many housing issues. The revenue of Hong Kong Government in general relies on the high land premium policy. done the regulation of land sales and the stamp duty of spot transaction to earn the exceptional reserve maintaining the public spending.

In 1997 Policy Address , tung-oil tree Chee Hwa measures on housing include a pledge to cater 85,000 housing flats each family so as to conclude the problems of soaring property prices and 70% people can have a flat to cast fell the waiting time of public rental housings. However, when the supply of flats over the demand of market that impart appear sell adven t that leads the irrational price reduction.! On the other hand, the finical convulsion aggravated the reduction of house price fell down about 50%, many people became negative faithfulness In late 2002, Suen Ming Tueng announce Suen-Nine measures to resolve this situation and perk up Hong Kong property market. His plan mainly suggested to cancel the regulation of land auctions policy, stop building and selling the Home Ownership (HOS) and the verbalism of...If you want to get a full essay, order it on our website: OrderEssay.net

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