Advertisement
Qiao Shitong

Qiao Shitong

Qiao Shitong is a professor of law at Duke University

Hong Kong’s housing crisis is a paradox of scarcity amid plenty of land. Creating entirely new property rights could break the impasse between the government and leasehold owners.

videocam

Why reclaim new land at stupendous cost when existing land is just sitting there ready for new construction? The deadlock in bargaining process for upgrading low-value land uses means the time is ripe to follow Beijing’s successful experiment with transferable development rights.

videocam