Residential College | false |
Status | 已發表Published |
Housing policies in Greater China and Singapore | |
Zhang, Yang1; Zhang, Qingyong2; Zheng, Huanhuan3 | |
2019-12-18 | |
Source Publication | Economic and Political Studies |
ISSN | 2095-4816 |
Volume | 8Issue:1Pages:41-64 |
Abstract | This paper provides a comparative study of housing policies in the greater China area and Singapore. We trace out the key features of the housing markets in the Chinese mainland, the Hong Kong SAR, the Macao SAR, and Singapore and review policies adopted in these markets. Soaring housing prices may distort capital allocation efficiency as money flows into housing market instead of more productive sectors, which poses threat to long-term sustainability and economic growth. Governments in these four jurisdictions have implemented various macroprudential policies and regulations in an attempt to curb housing demand, however the effectiveness of housing policies varies across markets. The housing prices stabilise in Singapore but continue to rise in Greater China despite the introductions of various tightening policies. The policy effectiveness is contingent on not only the characteristics of the market but also on its design and implementations. |
Keyword | Housing Policies Mainland Of China Singapore The Hong Kong Sar The Macao Sar |
DOI | 10.1080/20954816.2019.1691797 |
URL | View the original |
Indexed By | ESCI |
Language | 英語English |
WOS Research Area | Social Sciences - Other Topics |
WOS Subject | Social Sciences, Interdisciplinary |
WOS ID | WOS:000503403700001 |
Publisher | TAYLOR & FRANCIS LTD2-4 PARK SQUARE, MILTON PARK, ABINGDON OR14 4RN, OXON, ENGLAND |
Scopus ID | 2-s2.0-85076924009 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Zheng, Huanhuan |
Affiliation | 1.Faculty of Business Administration, University of Macao, Macao 2.School of Agricultural Economics and Rural Development, National Academy of Development and Strategy, Renmin University of China, Beijing, China 3.Lee Kuan Yew School of Public Policy, National University of Singapore, Singapore |
First Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Zhang, Yang,Zhang, Qingyong,Zheng, Huanhuan. Housing policies in Greater China and Singapore[J]. Economic and Political Studies, 2019, 8(1), 41-64. |
APA | Zhang, Yang., Zhang, Qingyong., & Zheng, Huanhuan (2019). Housing policies in Greater China and Singapore. Economic and Political Studies, 8(1), 41-64. |
MLA | Zhang, Yang,et al."Housing policies in Greater China and Singapore".Economic and Political Studies 8.1(2019):41-64. |
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