View Poll Results: how to solve the housing problems in Hong Kong?

Voters
23. You may not vote on this poll
  • Government should stop selling lands to the highest bidders

    7 30.43%
  • Abolish small house policy of the New Territories

    9 39.13%
  • Beef up Lands Resumption Ordinance

    10 43.48%
  • Revitalise industrial buildings

    10 43.48%
  • Reinstate Rent Control

    4 17.39%
  • Capital Gains Tax for real estate transactions

    5 21.74%
  • Building more artificial islands

    5 21.74%
  • Reclamations

    3 13.04%
  • Review Landlord and Tenancy (Consolidation) Ordinance

    0 0%
  • Hong Kong is too crowded; review immigration policy

    11 47.83%
  • End crony capitalism

    6 26.09%
  • None of the above; please specify

    2 8.70%
Multiple Choice Poll.
Like Tree40Likes

how to solve the housing problems in Hong Kong?

Reply
Page 1 of 7 1 2 3 4 ... LastLast
  1. #1

    Join Date
    Jan 2014
    Posts
    588

    how to solve the housing problems in Hong Kong?

    Share with us your views: how to solve the housing problems in Hong Kong?

    Government's The Long Term Housing Strategy webpage:

    https://www.thb.gov.hk/eng/policy/ho...lths/index.htm

    LegCo's webpage:

    https://www.legco.gov.hk/database/en...g-strategy.htm

    SCMP's latest news.

    https://www.scmp.com/topics/hong-kong-housing


  2. #2

    Join Date
    Jul 2004
    Posts
    3,423

    None of the above matters unless Govt has a will to solve it and we will know it tomorrow.. Finally we are at a junction where they have a strong reason to solve and most importantly orders from north, if nothing concrete comes out tomorrow in spite of that, forget about it forever, any discussion on it will be futile.. Its now or never...

    Coolboy likes this.

  3. #3

    Join Date
    Aug 2013
    Location
    The World
    Posts
    968

    Demolish all the shitty and derelict factory buildings littered around the place, especially in parts of Kowloon like Kwun Tong, Cheung Sha Wan, etc.

    Abolish land banking - once a company acquires a plot of land, impose a tough 'use it or lose it' policy - say, 2 years to start building or you forfeit it.

    Substantially increase stamp duty for non-PRs, including non-PRs who hold via a company structure.

    Spend large on ferry subsidies to promote residential development on the outlying islands.

    Hkemail888 and imparanoic like this.

  4. #4

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,330

    Non-PR or companies are already at 30% stamp duties. What do you expect? A lot of money comes from within HK and even if you have rules, people from outside will simply use someone's name in HK to buy the property.


  5. #5

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,330
    Quote Originally Posted by nivek2046
    Share with us your views: how to solve the housing problems in Hong Kong?

    Government's The Long Term Housing Strategy webpage:

    https://www.thb.gov.hk/eng/policy/ho...lths/index.htm

    LegCo's webpage:

    https://www.legco.gov.hk/database/en...g-strategy.htm

    SCMP's latest news.

    https://www.scmp.com/topics/hong-kong-housing
    It ultimately comes down to supply and demand and having money in land/housing is still very safe.

    Even if the monetary authority gets involved, private lending comes in not having to follow the rules.

    End a free market for housing and have prices controlled by the government for both purchase and rental.

  6. #6

    Join Date
    Jun 2019
    Posts
    2,370
    Quote Originally Posted by nivantj
    None of the above matters unless Govt has a will to solve it and we will know it tomorrow.. Finally we are at a junction where they have a strong reason to solve and most importantly orders from north, if nothing concrete comes out tomorrow in spite of that, forget about it forever, any discussion on it will be futile.. Its now or never...
    It's pretty pathetic that it has to take Beijing's order to finally wake the HK government up to finally try to do something important to alleviate the housing crisis. But that's the HK government for you.
    nivantj likes this.

  7. #7

    Join Date
    Jun 2019
    Posts
    2,370
    Quote Originally Posted by MandM!

    End a free market for housing and have prices controlled by the government for both purchase and rental.
    First, there is no real "free market" on housing right now, as the government ultimately controls all the land, and by extension, control the supply. Second, you do realize the HK government still obtains a big chunk of their revenue from land sales? So long as this source of revenue does not change, the chance of changing the current system is about as likely as me becoming the next CE of HK.

  8. #8

    Join Date
    Aug 2008
    Location
    ??
    Posts
    17,403

    Who does the yet to be built on and managed by the government land belong to?

    HKSAR or the HKSAR government?


  9. #9

    Join Date
    Jan 2008
    Posts
    11,591
    Quote Originally Posted by Paxbritannia
    Demolish all the shitty and derelict factory buildings littered around the place, especially in parts of Kowloon like Kwun Tong, Cheung Sha Wan, etc.

    Abolish land banking - once a company acquires a plot of land, impose a tough 'use it or lose it' policy - say, 2 years to start building or you forfeit it.

    Substantially increase stamp duty for non-PRs, including non-PRs who hold via a company structure.

    Spend large on ferry subsidies to promote residential development on the outlying islands.
    also, as there is a loophole that hk registered mainland owned companies buying property on behalf of clients with no PR status to avoid double stamp duty, that need to be addressed, triple stamp duty for these companies using this loop hole.

  10. #10

    Join Date
    Aug 2008
    Location
    ??
    Posts
    17,403
    Quote Originally Posted by imparanoic
    also, as there is a loophole that hk registered mainland owned companies buying property on behalf of clients with no PR status to avoid double stamp duty, that need to be addressed, triple stamp duty for these companies using this loop hole.
    There should be capital gains tax for businesses buying property
    imparanoic and Hkemail888 like this.

Reply
Page 1 of 7 1 2 3 4 ... LastLast