TY  - JOUR
AB  - 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.
VL  - 22
IS  - 1
SN  - 1463-578X
DO  - 10.1108/14635780410525153
UR  - https://doi.org/10.1108/14635780410525153
AU  - Chi‐Man Hui Eddie
AU  - Sze‐Mun Ho Vivian
AU  - Kim‐Hin Ho David
PY  - 2004
Y1  - 2004/01/01
TI  - Land value capture mechanisms in Hong Kong and Singapore: A comparative analysis
T2  - Journal of Property Investment & Finance
PB  - Emerald Group Publishing Limited
SP  - 76
EP  - 100
Y2  - 2024/04/23
ER  -