Throughout the 1980s and 90s the housing system in hong kong has witnessed a slow but consistent transition from a tenure dominated by public rental housing to one dominated by private home ownership this book seeks to explain the unique social organization of home ownership in contemporary hong kong. J lee 1999housing home ownership and social change in hong konghampshire uk ashgate housing home ownership and social change in hongkongis a good piece of academic research conducted by a local researcher in hong kong althoughitiscommonly believed thatthereal estate market is the backbone of the hong kong economy. Against this background of hong kongs apparently declining economic fortunes and major shifts in housing policy this paper explores aspects of wealth accumulation in the home ownership sector linking to a well established set of debates in the academic literature the paper explores the impact of policy change and house price trajectories on . It is argued that a fundamental function of private renting to provide a functional substitute and counter balance to distortions in the market for private home ownership has been systematically undermined in hong kong. 1999 housing home ownership and social change in hong kong james lee ashgate aldershot hants england brookfield usa wikipedia citation please see wikipedias template documentation for further citation fields that may be required
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