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Volume 31 - Issue 1 (Regular Issue)
Transactions Papers

A comparison of the housing policies of Hong Kong and Singapore with a pragmatic and fast relief proposal for Hong Kong's housing problems

John W K Luk and Tze-Haw Chan
Pages: 1-14Published: 11 Jun 2024
DOI: 10.33430/V31N1THIE-2023-0042
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Luk JWK and Chan TH, A comparison of the housing policies of Hong Kong and Singapore with a pragmatic and fast relief proposal for Hong Kong's housing problems, HKIE Transactions, Vol. 31, No. 1 (Regular Issue), Article 20230042, 2024, 10.33430/V31N1THIE-2023-0042

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Abstract:

Hong Kong has grappled with a longstanding and severe housing problem, prompting this study to explore potential solutions. By comparing the housing policies of Hong Kong and Singapore, the research aims to identify lessons that Hong Kong can learn from Singapore's approach to alleviate its housing challenges. The study reveals that major political, social, financial, and legal differences exist between the two cities, making direct policy replication challenging or even impossible. Nevertheless, it underscores the importance of government policy in addressing the complex and multi-faceted housing problem. To offer a pragmatic and swift relief proposal, the study proposes leveraging structural and building engineering expertise to innovate in constructing mega tall residential buildings. A preliminary feasibility design employing the Theory of Elasticity showcases the viability of this proposal. The research contributes valuable insights into resolving Hong Kong's housing crisis and offers a tangible approach for immediate relief.

Keywords:

Hong Kong and Singapore housing policies; affordability; cost-effective; mega tall building; quick and pragmatic relief

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