Spatial heterogeneity and the dynamics of housing affordability in Hong Kong: A 22-year retrospective analysis

IF 6.5 1区经济学 Q1 DEVELOPMENT STUDIES

Habitat International Pub Date : 2025-07-03 DOI:10.1016/j.habitatint.2025.103490

Yanyan Chen , Zhiqiang Li

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Abstract

The issue of housing affordability, a critical determinant of social and economic well-being, has emerged as a pressing concern in urban landscapes worldwide. This study presents a comprehensive examination of the spatial and temporal dimensions of housing affordability in Hong Kong, a city grappling with the challenges of limited land and escalating housing costs. Utilizing a robust dataset encompassing two decades of housing transactions from 1997 to 2018, the research delves into the mechanisms that have contributed to the profound social and spatial transformations within the city's housing market. The motivation for this inquiry lies in the existing research gap concerning the intricate patterns and processes of social-spatial differentiation in the context of Hong Kong's housing policies and market dynamics. The findings underscore the complex interplay between market forces, government interventions, and their cumulative impact on housing affordability, offering insights into the mechanisms driving socio-economic disparities and urban development trajectories.

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香港住房负担能力的空间异质性与动态：22年的回顾性分析

住房负担能力问题是社会和经济福祉的一个关键决定因素，已成为世界各地城市景观的一个紧迫问题。这项研究从空间和时间的角度全面考察了香港的住房负担能力，这个城市正在努力应对土地有限和住房成本不断上升的挑战。该研究利用涵盖1997年至2018年20年住房交易的强大数据集，深入研究了导致城市住房市场深刻的社会和空间转型的机制。研究的动机在于，在香港住房政策和市场动态的背景下，社会空间分化的复杂模式和过程存在研究缺口。研究结果强调了市场力量、政府干预及其对住房负担能力的累积影响之间复杂的相互作用，为推动社会经济差异和城市发展轨迹的机制提供了见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Habitat International Multiple-

CiteScore

10.50

自引率

10.30%

发文量

151

审稿时长

38 days

期刊介绍： Habitat International is dedicated to the study of urban and rural human settlements: their planning, design, production and management. Its main focus is on urbanisation in its broadest sense in the developing world. However, increasingly the interrelationships and linkages between cities and towns in the developing and developed worlds are becoming apparent and solutions to the problems that result are urgently required. The economic, social, technological and political systems of the world are intertwined and changes in one region almost always affect other regions.