HOUSING
Given the factors of economic globalisation, China’s economic reform and rapid growth, and severe land shortage, as an international financial centre, it is almost inevitable that Hong Kong suffers from high property prices. Notably, as property prices increase, wealth inequality becomes more acute, dividing citizens into “haves” and “have-nots”. With more fractures in society, governance may be jeopardised.
Therefore, Our Hong Kong Foundation focuses our housing research on reviewing the effectiveness of Hong Kong’s housing policies over the years, and the social problems associated with the rise in property prices (e.g. youth social mobility, poverty, aging population and retirement, etc.) Our research team advances policy recommendations based on our research results. In particular, we advocate for the “Subsidised Homeownership Scheme” to enable public housing tenants to become bona fide homeowners and share the fruits of economic prosperity.
Research Team:
Professor Richard Wong Yue-chim
Research Council Member, Our Hong Kong Foundation
Philip Wong Kennedy Wong Professor in Political Economy, School of Economics and Business, University of Hong Kong
Ryan Ip Man-Ki
Vice President cum Co-Head of Research, Our Hong Kong Foundation
Andy Wong Wan Ho
Senior Manager, Advocacy, Our Hong Kong Foundation
Jason Leung Yeuk Ho
Researcher, Our Hong Kong Foundation
Calvin Au Hou-Che
Researcher, Our Hong Kong Foundation
Alvin Chiu
Assistant Researcher, Our Hong Kong Foundation