Housing consumption of assisted home ownership

This paper first reviews the HOS and home ownership in Hong Kong and the international context. We analyse factors that affect housing consumption of HOS, highlighting the effects of household background characteristics. Our results indicate that housing consumption by HOS buyers is quite sensitive to income class. We also find that household size yields demand and substitution effects on housing consumption. However, the difference in housing consumption level between the HOS buyers from the public and private housing sectors is insignificance.||This paper first reviews the HOS and home ownership in Hong Kong and the international context. We analyse factors that affect housing consumption of HOS, highlighting the effects of household background characteristics. Our results indicate that housing consumption by HOS buyers is quite sensitive to income class. We also find that household size yields demand and substitution effects on housing consumption. However, the difference in housing consumption level between the HOS buyers from the public and private housing sectors is insignificance.