| Abstract | Unlike the 1980s, Hong Kong no longer faces a structural imbalance in the residential property market. There are sufficient housing quarters and imbalances only exist in different segments of the market such as type, location and quality. With a more dynamic land sales process aimed at meeting demand, supply with no longer be the overriding factor affecting the market. Demand, in particular end-user demand, has become increasingly important in shaping the market trend. Waning speculative activities, slow growth in the number of househlds and the still demanding home affordability are unlikely to re-create the buoyant demand of the 1980s. |
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