The “performance gap” in the United Kingdom construction industry is a persistent problem as new building development projects under-perform more often than not. The “performance gap” is partially attributed to the number of stages involved in building project development and the...

In Asia, government-supported housing agencies have played a constructive role in the development of domestic residential mortgage and bond markets. Several agencies have increased their overall market presence in recent years by expanding their activities and have accepted a larger share of the...

This paper examines the role of government-supported housing finance agencies in Asia. We estimate the size of the government subsidies received by these agencies, and their distribution among households, financial institutions and the agencies themselves. We have three main findings. The level...