Property News · April 4, 2017

Here’s where we can find the land to help solve housing crisis


Property prices in Hong Kong have again scaled new heights, demonstrating conclusively that regulatory constraints do not work. The scale of the shortage can be surmised by the gap in cumulative family formation numbers and new housing units completed over the past 20 years.
The cumulative number of marriages in Hong Kong from 1986-2016 was 1.75 million. Over the same period, the cumulative number of new domestic housing units built was 1.57 million. Assuming demolished units amounted to about…

Source : South China Morning Post
Read more…Here’s where we can find the land to help solve housing crisis

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