Critically evaluate the housing affordability problems of middle class households in Hong Kong

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Critically evaluate the housing affordability problems of middle class households in Hong Kong

 

Author: Lan, Chi Tung
Title: Critically evaluate the housing affordability problems of middle class households in Hong Kong
Degree: M.Sc.
Year: 2015
Subject: Housing -- Prices -- China -- Hong Kong.
Housing -- China -- Hong Kong -- Costs.
Housing policy -- China -- Hong Kong.
Hong Kong Polytechnic University -- Dissertations
Department: Faculty of Construction and Environment
Pages: 111 pages : color illustrations
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b2831515
URI: http://theses.lib.polyu.edu.hk/handle/200/8320
Abstract: Housing Affordable problem has become a source of social discontent in recent years, especially for the middle class. Middle Class is the major group of tax payer in Hong Kong who has driven Hong Kong{174}s development, but they are conspicuously ignored. This research investigate the housing affordability problems of the middle class by using residual income approach, and conduct a comparative study between Hong Kong and Singapore in respect of the measure to cope with the affordability problem. The housing affordability and purchasing preference of middle class is generally affected by their Income, occupation, and educational attainment. It is observed that The Group 1 to 3 middle class (household earn from HK$15,000 to HK$25,000) is the neediest sector of middle class in the society, because they are not qualified to apply for public housing and also not affordable to buy from the private sector market. By reviewing and comparing the latest researches and Singapore experience, this research proposed to adopt the producer subsidy (non-monetary support) and consumer subsidy (momentary support) measures to improve the affordability problem of middle class. The housing policy and resource cannot be occupied by the well-off middle class, and it should be better allocate the housing resource and economic benefits to the neediest sector of middle class.

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