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Title: Land value capture mechanisms in Hong Kong and Singapore: a comparative analysis
Authors: Hui, ECM 
Ho, DK
Keywords: Hong Kong
Value analysis
Public revenue
Issue Date: 2004
Publisher: Emerald Group Publishing Limited
Source: Journal of property investment and finance, 2004, v. 22, no. 1, p. 76-100 How to cite?
Journal: Journal of property investment and finance 
Abstract: Hong Kong and Singapore are characterized by rapid economic development and a high population density of 6,250 and 6,055 per km² land 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.
ISSN: 1463-578X
EISSN: 1470-2002
DOI: 10.1108/14635780410525153
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