What is it about?
The public housing privatisation scheme implemented in Hong Kong in 1998, and announced in December 1997 turned out to offer evidence that low cost public rental housing was a first step on the housing ladder, as tenants are able to save the downpayment needed for a home purchase.
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This page is a summary of: The first step on the housing ladder: A natural experiment in Hong Kong, Journal of Housing Economics, March 2009, Elsevier,
DOI: 10.1016/j.jhe.2009.02.003.
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