the enclosure problem in hk essay

In twenty eight Dec., 2012, Greenview Villa began to recognize Interested purchasers, the initial enthusiastic response from your rigid require of the house market house prices, has received about six-hundred copies in the first day of subscription, to echo the stiff housing require in Hong Kong strong, to face a serious shortage of supply, substantial property prices high, and the auto industry in buying challenging, apart from rising rents bring about the living environment with the grassroots even more apparent retrogression, the situation is worrying.

Greenview Villa “this is the previous government to relieve the ease the housing complications of the merchandise, originally financed by the govt, so that the hoagie class of first-time home buyers hire to buy, named MHPP.

Mister Tsang released in his plan address in October by 2010 to launch this system, the main reason is a government stubbornly refused social resumption of HOS requirements, then published alternative to reply to the tone of voice of the open public subsidized housing.

Over the past 2 years, the Hong Kong property rates continued to rise, the real estate problem is becoming more deterioration from during the campaign the Chief Professional to after taking business office, Leung Chun-ying are recommended re-launch the HOS procedures, but need to build,  Greenview Villa  just the change the “use somehow turn into HOS fast relief.

Recently, the prices of property are really high, for the reason that the first one is in short supply, the second you are the low rate of interest environment “pushes demand diminishing nearly uncontrollable. I think the only solution should be to increase supply, curb require. However , raising the supply of land to speed up enclosure construction, non-e of a quick fix may not three or five years, hard to bear fresh fruit, it is not even close to the water can not put out an in depth fire.

In addition , along with Hong Kong following the 1980s and 1990s the economic take-off, a lot of fifty or sixty members of the public, has finished mortgage free capacity to help children growing up in various other home ownership. Just like Greenview Rental property “prospective potential buyers, singletons made up the majority of which is the parents to help pay the down payment, I believe a large number. Similar to the mortgage payments and rent expenditure in the current environment, even intended for flat as well rent, with regard to home ownership in this regard should not be underestimated.

The ultra-high property prices, even the central class get their own homes, while the joint rents leaping, grassroots affected even more. Struggling to wait quite a while on the reduce strata from the public enclosure, are not eligible to apply for open public housing and weakness in the “sandwich class to buy a property, forced to pay high rent. Not spend the money for high hire by only retreat Verify sub-divided models, cubicles, caged, more and more people in order to avoid reducing the appalling home for that pet.

In the past season, the property industry in the volume of price rise or if the situation continued, rooted a major get worried for Hong Kong’s cultural and economical development. Initially, the enclosure problem induced further worsen the variation between the wealthy and the poor, the deep social grievances Day; Global economic deal with unpredictable rates of interest, after all, will need to regain uptrend day when caused by the bursting from the asset bubble, the serious consequences of the economic whack.

Approaching in 2013, property prices inside the short-term material will be substantial consolidation, and thereafter go from here, depending on economic environment and downs, more to see perhaps the SAR Government can make a big difference. Hong Kong persons can only live within the means, waiting in the wings, self-reliant.

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