Land Policy of the Government of Hong Kong, it seems to exacerbate supply shortages of land there. All the earth belongs to the state and released in a timely manner when the proposal is considered short. But the policy of the government is not the only factor affecting the supply of land in Hong Kong. When developers buy land from the government, they are not required to build at once, instead they often buy more land to expand its land bank. Several large developers, therefore, have an influence on the supply of land and, therefore, prices. As a result of a lack of properties, high prices, and the average block size, which is smaller than in other countries. "Hide
by Ka-Fu Wong, Carola Ramon-Berjano Source: University of Hong Kong, 17 pages. Publication Date: March 14, 2005. Prod. #: HKU387-PDF-ENG
