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

Voters
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  • Government should stop selling lands to the highest bidders

    12 41.38%
  • Abolish small house policy of the New Territories

    12 41.38%
  • Beef up Lands Resumption Ordinance

    12 41.38%
  • Revitalise industrial buildings

    14 48.28%
  • Reinstate Rent Control

    5 17.24%
  • Capital Gains Tax for real estate transactions

    8 27.59%
  • Building more artificial islands

    5 17.24%
  • Reclamations

    3 10.34%
  • Review Landlord and Tenancy (Consolidation) Ordinance

    1 3.45%
  • Hong Kong is too crowded; review immigration policy

    12 41.38%
  • End crony capitalism

    11 37.93%
  • None of the above; please specify

    2 6.90%
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how to solve the housing problems in Hong Kong?

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  1. #1

    Join Date
    Jan 2014
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    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

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    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.

  3. #3

    Join Date
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    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.

    alexdown likes this.

  4. #4

    Join Date
    Feb 2011
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    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.

  5. #5

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    7,463
    Original Post Deleted
    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.

  6. #6

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    Jun 2019
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    7,463
    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.

  7. #7

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

    HKSAR or the HKSAR government?


  8. #8

    Join Date
    Jan 2008
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    11,711
    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.

  9. #9

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    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.

  10. #10

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    Yes I meant selling but first they must buy before they sell. I don't think you should add capital gains tax on properties already purchased.


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