The housing ladder and Hong Kong housing market’s boom and bust cycle

Lok Sang HO; Gary Wai-chung WONG

The housing ladder and Hong Kong housing market’s boom and bust cycle

Research output: Working paper › Working paper series

Abstract

This paper presents evidence, based on the recent Hong Kong experience, for the existence of a “housing ladder effect.” An increase of housing equity at the bottom of the ladder tends to translate into a trading up activity that will both increase housing market turnover and buoy up the entire housing market. Based on a natural experiment through the introduction of a public housing privatization scheme, this papers presents evidence supporting this story using a logit model and a price-volume causality test.

Original language	English
Place of Publication	Hong Kong
Publisher	Centre for Public Policy Studies
Number of pages	24
Publication status	Published - Apr 2008

Publication series

Name	Centre for Public Policy Studies Working Paper Series
Publisher	Lingnan University
No.	190

Bibliographical note

Support from the RGC Grants Committee of Hong Kong (LU3008/00H) is gratefully acknowledged.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities
SDG 11 Sustainable Cities and Communities

Access to Document

https://commons.ln.edu.hk/cgi/viewcontent.cgi?article=1088&context=cppswp

Cite this

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The housing ladder and Hong Kong housing market’s boom and bust cycle

Abstract

Publication series

Bibliographical note

UN SDGs

Access to Document

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Cite this