Housing Issues in Asian Countries

The first paper examines the linkages between five housing markets in Mainland China and Taiwan by Mei-Se Chien, Neng-Huei Lee and Chih-Yang Cheng. They found that these 5 housing markets are interrelated. This can be attributed to the increasing of economic integration. The interrelation of housing markets is further demonstrated by the paper of Arash Hadizadeh in which Arash uses a Fourier Quantile Unit Root Test to examine the stationarity of 15 regional markets in Iran. Nevertheless, it is also critical to consider the unique characteristics of different housing markets. Recognising the unique characteristics of Taiwan, Ti-Ching Peng uses the ratio of part time staff to measure the quality of school, and assess to what extent the quality of school and housing prices are related. Further, the study of Yu Fah Chang, Wei Cheng Choong, Sin Yan Looi, Wei Yeing Pan and Hong Lip Goh models the behaviour of housing price from a housing submarket perspective using a functional relationship model. In Christopher Feather's paper, a solution of affordable housing in South Korea is discussed. Xian Cai and Wei-Ning Wu also assess the affordable housing policy from the perspective of China. Both papers highlight the role of housing policy in providing affordable housing. In addition, Safar Ghaedrahmati and Foad Shahsavari investigate the affordable housing issue for female-headed households in Tehran, Iran. Lastly, the paper of Gary Rangel, Jason Wei Jian Ng, Thangarajah@M. Thiyagarajan Murugasu and Wai Ching Poon propose the use of a lifetime income approach to measure housing affordability in Malaysia. They assert that this approach would gauge housing affordability more accurately.