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336 Trillions of
Housing Capital
By YueChim Richard On 2014/09/03 ∙ Add Comment ∙ 382 views
Note that the market values of existing TPS and HOS units
under the current sales restrictions are already realized
as part of housing capital. Owners can trade them on the
“secondary market” among eligible purchasers, although
these transacted prices do not include the unpaid land
premium.
These are five reasons, and more, for freeing up our public
housing sector and allowing this capital injection into our
economy.
I II III IV V
Estimated
Estimated Total Estimated Increase in
Value of Housing Increase in Value of
Units at TPS and Estimated Total Value of Housing
HOS Value of Housing Housing Capital per
Number of “Secondary Units at Open Capital (Col. Unit (Col.
Housing Market” Market III – IV ÷
Units (1000s) Prices ($billion) Prices ($billion) II) ($billion) I) ($million)
Public
RentalHousing
Units 728 0 2,448 2,448 3.36
Tenant
Purchase Scheme
Units 123 173 414 241 1.96
Homeownership
Scheme Units 316 908 1,555 647 2.05
Total
Government Unit
s 1167 1,081 4,417 3,336 2.86
Total Estimated
Value as Percent
of GDP 50.9% 207.8% 156.9%