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The Role of Government in Housing Markets

The Role of Government in Housing Markets

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The diversity of Asia provides unique opportunities for examining the effectiveness of different policies and instruments. The Asian financial crisis reveals our ignorance of market operations and makes us to rethink the Asian economic environment in which the markets operate and the performance of particular sectoral markets. Housing markets are very important areas. Better policy design relies on better understanding of housing markets. The impact of sub-prime housing mortgage lending in USA on the global capital market and global economy further illustrates the importance of housing issues. This report examines the operation and performance of housing markets and particularly the impact of government intervention on the performance of housing markets in Asia. It presents different approaches and instruments used by different countries to deal with similar housing issues. The Asian experiences and practices can provide inspiration for other parts of the world to design effective and equitable housing instruments and policies.
The diversity of Asia provides unique opportunities for examining the effectiveness of different policies and instruments. The Asian financial crisis reveals our ignorance of market operations and makes us to rethink the Asian economic environment in which the markets operate and the performance of particular sectoral markets. Housing markets are very important areas. Better policy design relies on better understanding of housing markets. The impact of sub-prime housing mortgage lending in USA on the global capital market and global economy further illustrates the importance of housing issues. This report examines the operation and performance of housing markets and particularly the impact of government intervention on the performance of housing markets in Asia. It presents different approaches and instruments used by different countries to deal with similar housing issues. The Asian experiences and practices can provide inspiration for other parts of the world to design effective and equitable housing instruments and policies.

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03/26/2014

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UNITED NATIONS HUMAN SETTLEMENTS PROGRAMME
THE ROLE OF GOVERNMENT IN THE HOUSING MARKET
 
 The Experiences from Asia
 
 
The Human Settlements Finance and Policies Series
The Role of Government in the Housing Market: The Experiences from Asia
First published in Nairobi in 2008 by UN-HABITATCopyright © United Nations Human Settlements Programme (UN-HABITAT)Nairobi, 2008
Disclamer 
 The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any county, territory, city or area or its authorities, or concerning the delimitation of its frontiers or boundaries regarding its economic system or degree of development. Excerpts may be reproduced without authorization, on condition that the source is indicated.Views expressed in this publication do not necessarily reflect those of the United Nations Human Settlements Programme, the United Nations and its member states.HS/1013/08EISBN: 978-92-1-132025-1(series)ISBN: 978-92-1-131997-2 This publication was prepared and edited by Xing Quan Zhang. Guidance and/or comments by Anna Tibaijuka, Inga Bjork-Klevby, Oyebanji Oyeyinka and Fred Neto. Yosuke Hirayama, Kyung-Hwan Kim, Hoang Huu Phe, Ho Chin Siong, Haryo Winarso and B. Kombaitan contributed chapters. Editing by Roman Rollnick and Tom Osanjo. Design and Layout by Anne Musotsi

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