https://www.scmp.com/rss/509463/feed Qiao Shitong is a professor of law at Duke University en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hong Kong’s housing market has been the least affordable in the world for a decade, easily beating out London, New York, and San Francisco for this dubious distinction. Yet this housing crisis is a paradox of housing scarcity amid plenty of land. Only 3.8 per cent of Hong Kong’s land is used for private (2.3 per cent) and public (1.5 per cent) residential uses, whereas 3.2 per cent is for “rural settlement” and 1.5 per cent for warehouses and storage, not to mention 75 per cent has been used for... https://www.scmp.com/business/article/3168623/breaking-old-land-monopoly-hong-kong-resolve-citys-housing-crisis?utm_source=rss_feed https://www.scmp.com/business/article/3168623/breaking-old-land-monopoly-hong-kong-resolve-citys-housing-crisis?utm_source=rss_feed Tue, 01 Mar 2022 04:01:13 +0000 Housing in Hong Kong is among the least affordable in the world. And the problem is not lack of land, but lack of development. Three quarters of Hong Kong’s land is vacant, and much of this is reasonably buildable territory. In particular, Hong Kong contains 1,414 hectares (3,494 acres) of brownfield sites and another 1,200 hectares of country development land reserved for indigenous villagers of the New Territories that is all suitable for high-density residential construction. With this... https://www.scmp.com/business/article/3127619/heres-how-transferable-development-rights-outweigh-lantau-reclamation-plan?utm_source=rss_feed https://www.scmp.com/business/article/3127619/heres-how-transferable-development-rights-outweigh-lantau-reclamation-plan?utm_source=rss_feed Wed, 31 Mar 2021 04:05:05 +0000