Abstract
The recent report titled “Housing Policy towards 21st century” states adequately that we have come to the stage where the improvement of our housing should be achieved through market. In other words, the government policy for the purpose should face a paradigm change: from traditional paternalistic intervention in the housing market to the role of a neutral rule maker and of a judge in the housing market. Also the report emphasizes the utilization of the residential stock. This can only be achieved through the development of the second hand market and the rental market.
