A Brief Analysis of Hong Kong Public Housing Allocation Mechanism: From the Perspective of Market Design

Housing policy be identified that the prescriptive measures established by the government for addressing housing problems and interventions nowadays. By formulating and implementing housing policies tailored to the country's specific characteristics, these policies serve to guide the development of the housing industry, manage the housing resources, and ensure a fair resolution of the housing problem. However, research and professional analysis of housing demand within a particular city is a challenging task. Our report explains Hong Kong's housing allocation mechanism from a market design perspective by analyzing arguments and historical digital evidence from relevant and reliable literature. And then we have modeled and evaluated the mechanisms of Hong Kong public rental housing allocation. We conclude that although the mechanism itself can be improved, but the housing issues in Hong Kong is more about other external factors. So, this report provides a more detailed view of Hong Kong's public housing policy compared with previous papers.