1st Edition

Public-Housing Privatisation Tenure Value, Resale Governance, and Mobility

By Zheng Linzi Copyright 2027
226 Pages 6 B/W Illustrations
by Routledge

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... Read more

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

Biography

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.