A woman and her son are seen in their 60-square-foot subdivided flat, in Hong Kong in February 2015. If sizeable land supply cannot be produced quickly and at a much cheaper cost, Hong Kong people will forever be doomed to pay sky-high sums for tiny homes. Photo: Reuters A woman and her son are seen in their 60-square-foot subdivided flat, in Hong Kong in February 2015. If sizeable land supply cannot be produced quickly and at a much cheaper cost, Hong Kong people will forever be doomed to pay sky-high sums for tiny homes. Photo: Reuters
A woman and her son are seen in their 60-square-foot subdivided flat, in Hong Kong in February 2015. If sizeable land supply cannot be produced quickly and at a much cheaper cost, Hong Kong people will forever be doomed to pay sky-high sums for tiny homes. Photo: Reuters
Regina Ip
Opinion

Opinion

Regina Ip

Hong Kong is stuck in a high land price trap. Qing dynasty China holds many lessons

  • In the late Qing dynasty, with its highly developed farming economy, there was no incentive to innovate to meet the needs of the burgeoning population
  • Hong Kong, faced with increased demand for housing, persists in pursuing a high land price policy instead of thinking out of the box

A woman and her son are seen in their 60-square-foot subdivided flat, in Hong Kong in February 2015. If sizeable land supply cannot be produced quickly and at a much cheaper cost, Hong Kong people will forever be doomed to pay sky-high sums for tiny homes. Photo: Reuters A woman and her son are seen in their 60-square-foot subdivided flat, in Hong Kong in February 2015. If sizeable land supply cannot be produced quickly and at a much cheaper cost, Hong Kong people will forever be doomed to pay sky-high sums for tiny homes. Photo: Reuters
A woman and her son are seen in their 60-square-foot subdivided flat, in Hong Kong in February 2015. If sizeable land supply cannot be produced quickly and at a much cheaper cost, Hong Kong people will forever be doomed to pay sky-high sums for tiny homes. Photo: Reuters
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