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- Publisher Website: 10.1080/02673037.2020.1803799
- Scopus: eid_2-s2.0-85089361071
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Article: Responsiveness of sub-divided unit tenants’ housing consumption to income: a study of Hong Kong informal housing
Title | Responsiveness of sub-divided unit tenants’ housing consumption to income: a study of Hong Kong informal housing |
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Authors | |
Keywords | Housing affordability income elasticity of housing demand sub-divided units informal housing low-income households |
Issue Date | 2020 |
Publisher | Routledge. 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? |
Abstract | This 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 Identifier | http://hdl.handle.net/10722/289480 |
ISSN | 2023 Impact Factor: 2.4 2023 SCImago Journal Rankings: 1.054 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Leung, KM | - |
dc.contributor.author | Yiu, CY | - |
dc.contributor.author | Lai, KW | - |
dc.date.accessioned | 2020-10-22T08:13:16Z | - |
dc.date.available | 2020-10-22T08:13:16Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Housing Studies, 2020, Epub 2020-08-11 | - |
dc.identifier.issn | 0267-3037 | - |
dc.identifier.uri | http://hdl.handle.net/10722/289480 | - |
dc.description.abstract | This 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.language | eng | - |
dc.publisher | Routledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/02673037.asp | - |
dc.relation.ispartof | Housing Studies | - |
dc.rights | Preprint: 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.subject | Housing affordability | - |
dc.subject | income elasticity of housing demand | - |
dc.subject | sub-divided units | - |
dc.subject | informal housing | - |
dc.subject | low-income households | - |
dc.title | Responsiveness of sub-divided unit tenants’ housing consumption to income: a study of Hong Kong informal housing | - |
dc.type | Article | - |
dc.identifier.email | Leung, KM: mandyl@hku.hk | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1080/02673037.2020.1803799 | - |
dc.identifier.scopus | eid_2-s2.0-85089361071 | - |
dc.identifier.hkuros | 316924 | - |
dc.identifier.volume | Epub 2020-08-11 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 23 | - |
dc.identifier.isi | WOS:000559667200001 | - |
dc.publisher.place | United Kingdom | - |
dc.identifier.issnl | 0267-3037 | - |