[PDF] Hong Kong Property Market eBook

Author : Mr.R. Sean Craig
Publisher : International Monetary Fund
Page : 15 pages
File Size : 50,21 MB
Release : 2011-11-01
Category : Business & Economics
ISBN : 1463925948

GET BOOK

This paper uses an econometric model of residential property prices in Hong Kong SAR to assess the effectiveness of alternative policies in slowing the increase in property prices. The rapid rise in property prices is well explained by macroconomic fundamentals; real GDP per capital, real domestic credit, construction costs, land supply, and the real interest rate. Policy can influence the property market though land supply and prudential and tax policy, with the latter policies taking the form of a stamp duty on property transactions and a tighter loan-to-value ratio (LTV) on lending. Land supply is the most effective policy insturment for restraining property price increases but it operates with a significant lag. The LTV and stamp duty dampen speculative activity that drives up property prices. While these policies can slow the increase in the short run, they should be guided by their long run objectives of financial stability and counteracting speculation.

Author : LEUNG HOI TAO
Publisher : LEUNG HOI TAO
Page : 128 pages
File Size : 35,98 MB
Release : 2018-02-22
Category : Business & Economics
ISBN :

GET BOOK

A research studies estate agents how to affect the housing prices in the Hong Kong housing market. Most of the works on the housing markets in Hong Kong has ignored the importance of real estate agents. Housing market is an imperfectly competitive market. The main function of a real estate agent in housing market is to provide information and bring buyers and sellers together. But, the empirical results of those previous studies are conflicting. Some studies found out that the effect of estate agents on housing prices is positive, but other studies demonstrated that the effect is negative.

Author : Rita Yi Man Li
Publisher : Springer Science & Business Media
Page : 148 pages
File Size : 48,66 MB
Release : 2014-03-10
Category : Law
ISBN : 364254245X

GET BOOK

The symbiosis between the law, economics and finance is evidenced in our daily lives. This book elucidates the relationship between these factors in Singapore and Hong Kong in direct and indirect real estate market. In Singapore, for example, there is an inseparable relationship between law, economics, finance and the HDB market. The book also showcases the concept of invitation to treat and offer, monetary compensation for environmental externalities under the lens of institutional economics. It also sheds light on the relationship between financial crisis, regulations, housing prices and indirect real estate market.

Author : Alice Poon
Publisher : Enrich Professional Publishing
Page : 0 pages
File Size : 12,8 MB
Release : 2011
Category : Elite (Social sciences)
ISBN : 9789814339100

GET BOOK

This book reveals an insider's view on how Hong Kong's land system, inherited from the British, has helped to create unrivalled wealth for the ruling class, how the lack of competition law has encouraged industrial and economic concentration in the same entities, and how these factors have given rise to a host of social and economic ills. The Chinese version has become the bestseller of non-fiction titles in Hong Kong in 2010.

Author : Bertrand Renaud
Publisher : Hong Kong University Press
Page : 137 pages
File Size : 20,86 MB
Release : 1997-07-28
Category : Business & Economics
ISBN : 9622094384

GET BOOK

'The real estate economy of Hong Kong is one of the most dynamic and sophisticated in the world, and has contributed greatly to the spectacular development of this vibrant city. More importantly, at a time of rapid globalization of the world economy, it is possibly the best model of the behaviour of an advanced real estate industry operating in an open economy. Hong Kong is thereforeof interest to analysts and policymakers everywhere, not least because of Hong Kong's political reintegration with China in 1997. With this in mind, the authors have managed to capture the key economic features of the private residential real estate market in Hong Kong in this compact volume. They have identified and highlighted critical institutions that contribute to the success and economic factors which shape the dynamics of all sectors of the real estate industry in Hong Kong. This book is essential reading for market analysts, policymakers, students and international readers with an interest in comparative analysis of real estate markets and institutions.' Professor Anthony Walker, Centre for Real Estate and Urban Economics,The University of Hong Kong.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 21 pages
File Size : 42,93 MB
Release : 2010-12-01
Category : Business & Economics
ISBN : 1455210803

GET BOOK

Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong SAR does not seem to be significantly higher than would be justified by underlying fundamentals. Moreover, unlike advanced economies before 2007-8, deviation from fundamentals has not been persistent in Hong Kong.Going forward, low interest rate and improving growth prospects, as well as a tight supply, particularly in the mass market, means that house price growth will continue to be strong.This is the period in which vulnerability may be accumulating, and tight prudential standards and fiscal measures will be required to tame price inflation.