By Rita Yi Man Li
The symbiosis among the legislations, economics and finance is evidenced in our day-by-day lives. This publication elucidates the connection among those elements in Singapore and Hong Kong in direct and oblique actual property marketplace. In Singapore, for instance, there's an inseparable courting among legislation, economics, finance and the HDB industry. The booklet additionally showcases the concept that of invitation to regard and supply, financial reimbursement for environmental externalities less than the lens of institutional economics. It additionally sheds mild at the dating among monetary obstacle, laws, housing costs and oblique genuine property market.
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Extra info for Law, Economics and Finance of the Real Estate Market: A Perspective of Hong Kong and Singapore
Indeed, transaction costs are one of the major factors which affect people’s motivation to complain and one step ahead, to lodge complaints in court. To illustrate the unique pollution problem in Hong Kong’s concrete jungle, I will use Metro City as an example (note that it is only an example and the court cases that I found were not restricted to this estate only but were scattered around all the residential areas in Hong Kong). Metro City is one of the large-scale residential estates with 11 towers, 6–8 flats on each floor and densely populated environments can be found easily in Hong Kong.
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