1. An analysis of HK’s housing market KC Kwok Honorary Senior Research Fellow School of Economics & Finance University of Hong Kong

2. 2 Residential Property Price Index, 1993-2011 Mar Source : CEIC

3. 3 Private Domestic Units - Stocks Source : CEIC

4. 4 Property Price and Rental versus Median Monthly Earnings and Nominal GDP Source : CEIC

5. 5 Mortgage repayment affordability ratio (%) Source : CEIC

6. 6 Private housing - Vacancy Rates Source : CEIC

7. 7 Private housing – Completions by Size Source : CEIC

8. 8 Net change in private housing stock by size, 2003-2010 Source : CEIC

9. 9 Residential Units Completed 9 Source : CEIC, 2011-2012 Policy Address, Rating and Valuation Department, HA

10. 10 Price Indices for Hong Kong Property Market, 1978-2011 Q1 (1999=100) Source : CEIC

11. 11 Residential Property Price Index in Taipei, Singapore and HK, 1998 Q1 - 2011 Q1 Source : CEIC

12. 12 Distribution of domestic households by tenure of accommodation, 1980-2007 Source : HKSAR, CSD

13. 13 Distribution of domestic households by type of housing, 1977-2007 Source : HKSAR, CSD

14. 14 Land Use in HK Source : Hong Kong Yearbook 2009

15. 15 Development of Singapore and Hong Kong in the past 15 years Singapore Hong Kong 2010% change2010% change (1995-2010) Population ('000, Mid Year)5,076.7048.57,067.8017.1 Employment ('000)3,105.9082.53,512.7022.4 GDP (USD bn)222.82204.3225.0266 GDP per capita (USD)43,891104.931,83841.8

16. 16 China & Hong Kong – M2

17. 17 “Being part of China has never been more exciting than it is today. … What had been impossible has now become possible.” Prof Wang Gungwu, March 2011.

18. Thank You