Published around the time of Hong Kong's transfer to China in 1997, this thirty-volume Series about the economy of Hong Kong analyzes and recommends policies on: Money, insurance and finance; Industry, tele-communications and infrastructure; Planning, housing and land; Immigration and human resources; Health, welfare and social issues; Trade and investment relations with China, Taiwan and the Asia-Pacific region.
This book addresses Hong Kong's hottest economic issue today: land-use planning and its effects on land supply and the housing market. How land-use planning has changed the contractual nature of property development is reviewed. The three-level planning system and the conflicts between planning ordinances and other development strategies are criticized.
The book argues that the Town Planning Bill should be shelved and urges that an economic appraisal of the planning system be carried out. Thirteen concrete proposals which can minimize the transaction costs of development while making environmental improvements are made.
Contents
Detailed Chapter Contents
Foreword
Foreword by the Series Editor
Preface
List of Illustrations
Acronyms and Abbreviations
Glossary
Map of Hong Kong and its Districts
1 Introduction
2 The Economic Nature of Planning
3 Evolution of the Contractual Nature of Land-Use Control
4 Property Rights Issues in District Planning and Planning Enforcement
5 Land-Use Planning as a Development Rights Rationing System
6 Major Issues Surrounding the Town Planning Bill
Bibliography
About the Author
Index
About the Series
