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Article: Responsiveness of sub-divided unit tenants’ housing consumption to income: a study of Hong Kong informal housing

TitleResponsiveness of sub-divided unit tenants’ housing consumption to income: a study of Hong Kong informal housing
Authors
KeywordsHousing affordability
income elasticity of housing demand
sub-divided units
informal housing
low-income households
Issue Date2020
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/02673037.asp
Citation
Housing Studies, 2020, Epub 2020-08-11 How to Cite?
AbstractThis is the first empirical study of income elasticity of housing demand of low-income households living in sub-divided units (SDUs) of Hong Kong. Housing affordability is commonly measured by either price-to-income ratio (PIR) or rent-to-income ratio (RIR), and the latter method is often found to be relatively stable over time and across countries. We contend that RIR cannot accurately reflect affordability situations because of the income elasticity of housing demand. Informal housing markets exist in Hong Kong for low-income households to pay lower and more 'affordable' rent by living in units of smaller size and poorer quality, which are often with irregularities. This study found that SDU households have a relatively low income elasticity of housing demand and a relatively high RIR. They face difficulties in adjusting their housing service quality and quantity to balance their income and expenditure budget. Even so, SDU households are observed to further downsize and forgo housing facilities to make their rents affordable.
Persistent Identifierhttp://hdl.handle.net/10722/289480
ISSN
2020 Impact Factor: 3.516
2015 SCImago Journal Rankings: 1.101
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorLeung, KM-
dc.contributor.authorYiu, CY-
dc.contributor.authorLai, KW-
dc.date.accessioned2020-10-22T08:13:16Z-
dc.date.available2020-10-22T08:13:16Z-
dc.date.issued2020-
dc.identifier.citationHousing Studies, 2020, Epub 2020-08-11-
dc.identifier.issn0267-3037-
dc.identifier.urihttp://hdl.handle.net/10722/289480-
dc.description.abstractThis is the first empirical study of income elasticity of housing demand of low-income households living in sub-divided units (SDUs) of Hong Kong. Housing affordability is commonly measured by either price-to-income ratio (PIR) or rent-to-income ratio (RIR), and the latter method is often found to be relatively stable over time and across countries. We contend that RIR cannot accurately reflect affordability situations because of the income elasticity of housing demand. Informal housing markets exist in Hong Kong for low-income households to pay lower and more 'affordable' rent by living in units of smaller size and poorer quality, which are often with irregularities. This study found that SDU households have a relatively low income elasticity of housing demand and a relatively high RIR. They face difficulties in adjusting their housing service quality and quantity to balance their income and expenditure budget. Even so, SDU households are observed to further downsize and forgo housing facilities to make their rents affordable.-
dc.languageeng-
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/02673037.asp-
dc.relation.ispartofHousing Studies-
dc.rightsPreprint: This is an Author's Original Manuscript of an article published by Taylor & Francis Group in [JOURNAL TITLE] on [date of publication], available online: http://www.tandfonline.com/doi/abs/[Article DOI]. Postprint: This is an Accepted Manuscript of an article published by Taylor & Francis Group in [JOURNAL TITLE] on [date of publication], available online at: http://www.tandfonline.com/doi/abs/[Article DOI].-
dc.subjectHousing affordability-
dc.subjectincome elasticity of housing demand-
dc.subjectsub-divided units-
dc.subjectinformal housing-
dc.subjectlow-income households-
dc.titleResponsiveness of sub-divided unit tenants’ housing consumption to income: a study of Hong Kong informal housing-
dc.typeArticle-
dc.identifier.emailLeung, KM: mandyl@hku.hk-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/02673037.2020.1803799-
dc.identifier.scopuseid_2-s2.0-85089361071-
dc.identifier.hkuros316924-
dc.identifier.volumeEpub 2020-08-11-
dc.identifier.spage1-
dc.identifier.epage23-
dc.identifier.isiWOS:000559667200001-
dc.publisher.placeUnited Kingdom-
dc.identifier.issnl0267-3037-

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