Reflections on Old Age Poverty in Public Rental Housing Estates

2017 ◽  
Author(s):  
Yue Chim Richard Wong
Keyword(s):  
Old Age ◽  
Rental Housing ◽  
Market Value ◽  
The Elderly ◽  
The Public ◽  
Public Rental Housing ◽  
Old Age Poverty ◽  
Nontraded Assets ◽  
Housing Estates ◽  
Housing Units

Privatizing the public rental housing estates would create a very large client pool of elderly homeowners willing to take advantage of mortgage-backed annuity schemes in the era of modern finance. This would create better opportunities for diversifying risks associated with the uncertainty of life expectancy. A bigger market could lead to better terms to the benefit of all participants. And, if the elderly poor in our public housing estates became homeowners, perhaps their children would pay them more attention. In principle, recurrent government funding is not required because it would be financed by land that currently has no market value because public rental housing units are nontraded assets. Selling public rental housing units to sitting tenants would restore the market value of a non- traded asset that could provide old age support for elderly people.

Growing up in Hong Kong before and after 1980

2017 ◽  
Author(s):  
Yue Chim Richard Wong
Keyword(s):  
Social Mobility ◽  
Rental Housing ◽  
Growing Up ◽  
The Poor ◽  
Public Rental Housing ◽  
Before And After ◽  
Upward Social Mobility ◽  
Poor Children ◽  
Housing Estates ◽  
Housing Units

Hong Kong’s public housing estates are transforming into areas of growing poverty, with more divorced households. They are increasingly weak neighborhoods for motivating children to higher aspirations. There are doubts about the wisdom of continuing the development of more public rental housing units to solve our shortage of housing units. A far better solution is to build subsidized homes for ownership so that families have a stake to stay together and work for a better future. By keeping families together, more children will be prevented from falling into a state of disadvantage that will be detrimental to their future upward social mobility. Why foster and concentrate the poor and the divorced in publicly subsidized ghettos? Poor children deserve a better deal. A city of homeowners is also less politically divided.

Study on the Public Rental Housing Design for the Elderly Generation in Hong Kong

2012 ◽  
Vol 174-177 ◽  
pp. 1871-1875
Author(s):  
Shu Bo Du ◽  
Sheng Nan Sun ◽  
Hui Yong Li
Keyword(s):  
Hong Kong ◽  
Low Income ◽  
Large Scale ◽  
Rental Housing ◽  
The Elderly ◽  
Innovative Design ◽  
Ageing In Place ◽  
Housing Design ◽  
The Public ◽  
Public Rental Housing

China is carrying out a large-scale public rental housing construction for the low-income citizens. In order to cope with China public housing development and the concept of 'ageing in place', the introduction of innovative design initiatives is hopeful considered in low-rent housing design. Hong Kong has more than 30 years experience in public rental housing design for the elderly. This paper focuses on the design for the elderly in Hong Kong in the past 30 years.

A Study on the Improvement of the Public Rental Housing Policy in Korea

2009 ◽  
Vol 39 (3) ◽  
pp. 727-744
Author(s):  
Sang-Bong KIM ◽  
Ki-Sik HWANG ◽  
Rok RYU
Keyword(s):  
Housing Policy ◽  
Rental Housing ◽  
The Public ◽  
Public Rental Housing

scholarly journals ANALYSIS OF FACTORS INFLUENCING REPORTED HOUSING MAINTENANCE COSTS IN SWEDEN’S PUBLIC AND PRIVATE RENTAL SECTORS

2017 ◽  
Vol 21 (3) ◽  
pp. 284-295 ◽  
Author(s):  
Henry Gonza MUYINGO
Keyword(s):  
Large Scale ◽  
Unit Area ◽  
Panel Data Analysis ◽  
Rental Housing ◽  
Public And Private ◽  
Public Companies ◽  
Maintenance Costs ◽  
The Public ◽  
Public Rental Housing ◽  
Private And Public

The reported maintenance costs per unit area within the public rental housing sector in Sweden are consistently higher than those within the private rental sector. This paper uses crosssectional panel data analysis as well as a questionnaire survey sent to 196 managers in the private and public housing sectors to identify the factors that might explain this divergence. The findings indicate that “fundamental” factors such as the age of the houses or the composition of the tenants cannot explain the observed difference. However how the activities are classified and the timing of the measures are factors that can. The conclusions from the study are that the public companies should act more as the private sector in their accounting; wait longer than they currently do before carrying out some renovations; and that they should be more stringent when determining the resources to spend on large-scale maintenance and/or renovation projects.

scholarly journals Economic Analysis for Setting Appropriate Repair Cycles on the Fixed Materials and Facilities in the Public Rental Housing

2016 ◽  
Vol 2016 ◽  
pp. 1-10 ◽  
Author(s):  
Sung-Min Choi ◽  
Yeon-Sil Lee
Keyword(s):  
Life Cycle ◽  
Economic Analysis ◽  
Life Cycle Cost ◽  
Rental Housing ◽  
The Public ◽  
Public Rental Housing ◽  
Maintenance Cycle ◽  
Minimum Age ◽  
Optimal Maintenance ◽  
The Cost

Currently, repair and maintenance cycles that follow the completion of construction facilities lead to the necessitation of subsequent data on the analysis of study and plan for maintenance. As such, an index of evaluation was drafted and a plan of maintenance cycle was computed using the investigation data derived from surveying target housing units in permanent rental environmental conditions, with a minimum age of 20 years, and their maintenance history. Optimal maintenance and replacement methods were proposed based on this data. Economic analysis was conducted through the Risk-Weighted Life Cycle Cost (RWLCC) method in order to determine the cost analysis of maintenance life cycle methods used for repair. Current maintenance cycle methods that have been used for 20 years were also compared with alternative maintenance cycles.

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