◂Home    Hong Kong / Economy News

Tue, 30 Mar 2021 08:45   Peggy Sito,Sandy Li

Can tradeable land rights be the solution to Hong Kong’s housing crisis? These two legal researchers think so

Two researchers are proposing an idea to revolutionise Hong Kong’s land-use laws, floating an idea that could help to unlock and convert the city’s swathes of farmland into residential land and help alleviate the city’s chronic affordability problem.The idea involves a two-step process: first, the government needs to allocate 50 square feet (4.6 square metres) of land in the form of transferable development rights (TDRs) to every eligible Hong Kong permanent resident. Secondly, the tradeable…

Source and full article