Public-Housing Privatisation

Tenure Value, Resale Governance, and Mobility
1. Auflage 2026
ISBN: 978-1-041-28466-6
Verlag: Taylor & Francis Ltd

Buch, Englisch, 226 Seiten, Format (B × H): 156 mm x 234 mm

Focusing on Hong Kong’s Tenants Purchase Scheme, this book examines the implications of transforming public tenants into homeowners, particularly in terms of creating properties that are marketable, financeable, and conducive to upward mobility.

It argues that the hidden value embedded in public housing stems from security, predictable charges, and access to public services. However, the privatisation of housing does not always translate seamlessly into market dynamics—whether owners can sell their homes depends on factors such as resale regulations, valuation practices, mortgage accessibility, and eligibility criteria. Combining theory, institutional analysis, and original empirical evidence, the book explains why Hong Kong’s resale market for privatised public housing has remained thin and difficult to access. The argument is further enriched through comparative analysis with the United Kingdom’s Right to Buy programme and Singapore’s Housing and Development Board resale system. Spanning decades of housing reform, the book explores how governments can promote homeownership while preserving mobility and public value, offering a valuable resource for advancing housing policy.

This book will appeal to scholars and policymakers working in housing policy, public administration, and real estate economics.

Zielgruppe

Postgraduate and Professional Reference

Autoren/Hrsg.

Linzi, Zheng

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Sozialpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Regional- und Städtische Wirtschaft
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft

Inhaltsverzeichnis

Part I. The Big Idea: Markets After Privatisation  1. Introduction: The Hidden Architecture of Housing Mobility  2. Tenure Value and Convertibility: Governing the Resale Market  Part II. Hong Kong Core: Institutions, Evidence, and Implications  3. Origins and Design: From PRH Security to the TPS Aftermarket  4. Buying Decisions and Tenure-Value Capture  5. The Microeconomics of Tenure Value Convertibility  6. Empirical Tests and Policy Counterfactuals under TPS  Part III. Global Implications: Two High-Leverage Contrasts  7. United Kingdom: Discount Clawbacks as a Timing Lever  8. Singapore: MOP, Transparency, and Market Thickening  Part IV. Design and Delivery  9. A Resale-Governance Toolkit: Diagnostics, Options, and Pilots  10. Conclusion: Designing for Mobility and Public Value

Über Autor(innen)

Zheng Linzi is Associate Professor at the College of Public Administration, Huazhong University of Science and Technology, Wuhan, China. Her research covers real estate policy, housing security, land economics, and institutions.