Which housing markets are the priciest in Asia? - Asia Specific podcast, BBC World Service

Australia's government is winding back tax incentives for property investors in a bid to make housing more affordable - but will it work? Click here to subscribe to our channel 👉🏽 https://bbc.in/3VyyriM From Sydney to Seoul, Bangkok to Beijing, housing affordability has become one of the biggest economic and political issues facing young people across Asia Pacific. In many major cities, home prices have risen far faster than incomes, leaving many first-time buyers feeling locked out of the market. Australia is now changing long-standing tax rules that critics say encouraged property investment and pushed up prices. But will those reforms actually make housing more affordable? And what lessons can be learned from other countries that have tried to intervene? In this episode, Mariko Oi speaks to Asia Specific editor Bill Birtles and BBC Journalist Abhiram Subramaniam about Australia's housing reforms, the affordability crisis across Asia, why governments from South Korea to China have struggled to bring prices under control. They also explore Singapore's unique public housing system, where around 80% of residents live in government-built homes, and ask whether the model could ever be replicated elsewhere. 00:00 Introduction 01:19 Australia's plan to reduce housing prices 02:56 Has Australia's housing policy had any impact so far? 03:56 Asia-Pacific's least affordable housing markets 06:50 How South Korea is increasing housing supply 09:42 China's plan to convert unsold homes into public housing 10:56 How Singapore's 99-year HDB leasehold system works 12:48 What happens when a Singapore HDB lease expires? 15:28 Can Singapore's public housing model be replicated elsewhere? 17:03 What can governments do to tackle housing affordability crises? Learn more about how the South Korean government is encouraging people to move investments from property to stocks 👉🏽    • What’s driving South Korea’s epic stock ma...   Watch more episodes of Asia Specific here 👉🏽    • Asia Specific   Instagram: @bbcworldservice Email: [email protected] Presenter: Mariko Oi Producers: Derek Cai, Rachel Lee Camera: Muhammad Firdaus Bin Mohd Ansary, Rosalehin Bin Rosli, Fahmi Jamal Editor: Bill Birtles ---------------- This is the official BBC World Service YouTube channel. If you like what we do, you can also find us here: Instagram 👉🏽   / bbcworldservice   Twitter 👉🏽   / bbcworldservice   Facebook 👉🏽   / bbcworldservice   BBC World Service website 👉🏽 https://www.bbc.co.uk/worldserviceradio Thanks for watching and subscribing! #BBCWorldService #WorldService #housingmarket #housingcrisis #asia #singapore