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• W2751049133 abstract "The Myth and Reality of Housing in Hong Kong The controversy over the demolition of the Hunghom Estate Cecilia Chu Introduction This paper intends to examine the controversy over the demolition of the Hunghom Peninsula Estate – a government subsidized housing project initially developed to enable middle-income families to acquire homeownership. The project was completed during a recession under growing calls from the real estate sector to freeze the subsidized program, which was seen to be competing with the private property market and thus hampering Hong Kong’s “business environment.” In face of this pressure, the SAR government 1 suspended the sale and later sold the flats to two private developers, who thereafter revealed a plan to demolish all the buildings and replace them with luxury condominiums. The news triggered a public outcry. After a few months of protests mobilized by environmental activists, the developers eventually decided to preserve the existing flats and upgrade them for resale instead. The outcome has since been hailed by the government, the developers, and the environmentalists as a “success story” that underscores the growing strength of “civic activism” and environmental consciousness in postcolonial Hong Kong. Yet, beneath these positive statements a number of issues remained unaddressed. First, the focus on the environmental impacts of the case directed attention away from the whole question of the SAR government’s initiative to privatize public housing 2 . Second, the debate’s consistent portrayal of a dichotomy between “public interests”, which was referred invariably by the activists as the concerns for a more “sustainable” “environment”, and “private” interests”, which was referred to as the profit-seeking, short term motives of the private developers and businessmen, presents a simplistic picture that obscured the many contested interests entailed in the project. By tracing the narratives employed by different social actors in the controversy, I attempt to complicate the Hunghom story by situating it within Hong Kong’s political economy of housing, and the changes brought forth by the economic restructuring process under neoliberal ideology. My aim is to illustrate how these narratives all evidence, to differing degrees, three long-held myths about the housing situation. The first is that the extremely high property value in the territory is an inevitable result of the scarcity of land and rapid population growth – a scenario that has been repeated portrayed for explaining the history of Hong Kong. The second is that the provision of public housing (including rental and owner- occupied flats such as the Hunghom Estate) has been a purely gesture of the government in fulfilling housing needs which the private market is incapable of offering. The third, and perhaps most widely held belief, is that the private housing market is “free” and competitive, anchored in a close-to-ideal lassez-faire economy that is the critical determinant for Hong Kong’s growth and prosperity in the past four decades. I argue that these three myths, which are often invoked together as a causal relationship (i.e. the scarcity of land leads to soaring property values, which “forces” a benevolent government to provide public housing for lower income families), obscures the fact that they are the result of the ongoing political choices of an interventionist colonial administration, whose primary concern is to maintain legitimacy by tightly controlling urban development and securing the support from powerful players in the economy. Housing and land policies, in this view, are necessarily tied to a larger nation-building project that seeks to retain social stability by constructing committed citizens through the inculcation of collective aspirations The SAR government stands for The Government of the Hong Kong Special Administrative Region. The government was established in July 1997 after Hong Kong’s handover from Britain to China. The privatization of public housing has been underway since the onset of the Asian Financial Crisis right after Hong Kong’s handover in 1997." @default.
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• W2751049133 date "2006-04-14" @default.
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• W2751049133 title "The Myth and Reality of Housing in Hong Kong: The Controversy over the Demolition of the Hunghom Estate - eScholarship" @default.
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