Land value capture mechanisms in Hong Kong and Singapore: A comparative analysis

Chi Man Hui, Vivian Sze-Mun, David Kim-Hin

Research output: Journal article publicationReview articleAcademic researchpeer-review

43 Citations (Scopus)


Hong Kong and Singapore are characterized by rapid economic development and a high population density of 6,250 and 6,055 per km2land respectively. Land revenue is their major source of income to finance their public infrastructure and social services. Their design and collection of taxes on land, their value-capture instruments and their allocation of revenue for public works are examined. The article finds that there are some similarities between the two cities in capturing land value, such as the collection of annual rates and stamp duty on property. The differences include the adoption of property tax surcharge and the development charge. In fact, each mechanism has its pros and cons. The method and the extent of each mechanism depend on the goals of the government in respect of the social and economic conditions.
Original languageEnglish
Pages (from-to)76-100
Number of pages25
JournalJournal of Property Investment & Finance
Issue number1
Publication statusPublished - 1 Feb 2004

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Finance
  • Economics, Econometrics and Finance(all)


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