This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...

This paper studies the effect of adding space to existing housing apartments on housing price and the probability that owners will sell their apartment (flat). This space adding is part of a large scale urban renewal and upgrading policy in Singapore, and is carried out only if sufficient...

This working paper raises the question whether Hong Kong's housing problems for young people can be solved. Unlike Singapore which maintains a highly diversified manufacturing sector, Hong Kong has moved its manufacturing sector to the Mainland. The imbalanced economic structure which heavily...

Although China's housing affordability issue has been the subject of numerous studies, this paper adopts an improved price-to-income ratio to better reveal and assess the status of housing affordability in China over time. Two research questions will be discussed: (i) Is there a housing...

This working paper provides preliminary insights into the housing attitudes and aspirations of Hong Kong's post-80s generation. In particular, the concern is why Hong Kong's younger generation faces a similar situation to that of many other countries: a failure to launch (i.e., from parental...

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...

This paper estimates hedonic prices for different levels of housing space, by exploiting a unique space-adding project in Singapore that added a uniform amount of space to each existing housing unit regardless of the original size. This space adding program was carried out if sufficient...

This paper provides an updated account of housing affordability research in top-tier urban and housing related journals. The theme and foci of affordability studies are reviewed based on a literature survey of 112 journal papers over the period 1990 to 2013. Six perspectives are encompassed,...