Asia and the Pacific are home to 4.3 billion people, and half the world’s urban population, with 120,000 people moving to cities every day, creating daily demand for 20,000 affordable homes.

Some cities, where housing is scarce and costly because they don’t have enough land or they’re where the jobs are concentrated, find it hard to provide enough public housing for a continuously rising urban population.

Hong Kong, China; the Republic of Korea; and Singapore have wrestled with this problem for decades.

Read the transcript

http://bit.ly/2goPbKh

Read the original blog post

https://www.asiapathways-adbi.org/2017/08/housing-policy-in-the-republic-of-korea/

About the authors

Kyung-Hwan Kim is vice minister for land, infrastructure and transport, Republic of Korea

Miseon Park is an associate research fellow, Korea Research Institute for Human Settlements.

Additional information is from the following

From Slums to Sustainable Communities (https://www.habitat.org/sites/default/files/issue-paper.pdf)

Tackling Affordability in Asia (https://urbanland.uli.org/economy-markets-trends/tackling-affordability-asia/)

Waiting time to get into Hong Kong public housing shoots up a full year over past 12 months (http://www.scmp.com/news/hong-kong/education-community/article/2070493/waiting-time-get-hong-kong-public-housing-shoots).

Know more about ADBI’s research on housing in 2017

http://bit.ly/2x1WOJJ

Know more about ADBI’s research on housing in 2016

http://bit.ly/2hYPM24

Read The Housing Challenge in Emerging Asia: Options and Solutions

By Naoyuki Yoshino and Matthias Helble

https://www.adb.org/publications/housing-challenge-emerging-asia-options-and-solutions