Hong Kong has experienced rounds of property bubble inflation and burst, underscoring heightened market volatility amidst the financialization of the world economy. Irrespective of its fame as an exemplar of laissez faire capitalism, the city's massive public housing programme consisting of public rental housing (PRH) and the Homeownership Scheme (HOS) places the Hong Kong government among the world's biggest landlords and developers. It is within such varying and heavily manipulated choice sets that residential decisions in Hong Kong are exerc...
