In the midst of financial tsunami,many countries adopt quantitative easing monetary policy,besides,these unplanned but orchestrated actions further stimulating property price,especially in emerging economies,like Mainland China,Macau and Hong Kong.As a result,due to the fact that housing is a necessity,it is urgent and necessary for the affected regions to deliver various housing policies for relieving the rising housing burden of the public.However,Macau is just a mini and emerging economy,so the causes of the housing issue in Macau,including land restraints,special limitations of housing supply (unclear property rights,the right of land reclamation,environmental issue and historical heritage),downward trend of marriage age,the limited supply of public housing in recent years,and the limited choice of monetary policies in Macau,are distinguished from other developed or neighboring regions.Thus,the scope of Macau housing policy is shifting from supply side to demand side and the regulation of housing market.Moreover,based on other countries experience and “friendly” relationship with neighboring regions,Macau government can introduce or design some innovative and feasible housing policies for the ever-evolving housing market.
<<Keywords: | Monetary PolicyHousing PolicySecuritizationMerit GoodsHousing DemandLabeling EffectUrban RenewalUnifying Development of Zhuhai and Macau |