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Bottlenecks in Housing Supply: Government or Developers to Blame?  
 
Product Ref: 05/234C Company: N/A

Product Type: Case Industry: Real Estate

Related Product(s): Teaching Note
In Hong Kong, the government owns all rights to land and releases plots when supply is considered low. To aggravate the situation, developers (upon obtaining land from the government) hold onto land in attempt to drive up prices. The result is a shortage of properties, high prices, and an average unit size that is smaller than that of other countries. This case takes a closer look at how these factors affect Hong Kongˇ¦s housing market.
Functional Area : Economics & Business Policy

Issues: Property developers, land hoarding, land release and supply, government’s land policy, market concentration, land auctions
Length: 17 pages Country: Hong Kong SAR

Pub. Year: 2005 Level of Difficulty: 2
         
This product type is available in the following language(s):      English
         
Related Information: N/A
 
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Case (05/234C) HK$58 / US$7.5
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