Uploaded March 2026 | Updated September 2026, 54 minutes ago
We often hear Hong Kong is expensive because it is "crowded." This is a myth. Only 24% of Hong Kong’s land is built upon. The rest is country parks and protected land. The scarcity is artificial. This video explains the "High Land Price Policy"—a colonial-era strategy where the government keeps taxes super low (to attract business) but funds itself by rationing land slowly to developers at sky-high prices. The result? You pay no income tax, but you pay a "hidden tax" every time you pay rent or buy a coffee.
Footage: Shutterstock
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Brought to you by the Behind Asian Team.
We often hear Hong Kong is expensive because it is "crowded." This is a myth. Only 24% of Hong Kong’s land is built upon. The rest is country parks and protected land. The scarcity is artificial. This video explains the "High Land Price Policy"—a colonial-era strategy where the government keeps taxes super low (to attract business) but funds itself by rationing land slowly to developers at sky-high prices. The result? You pay no income tax, but you pay a "hidden tax" every time you pay rent or buy a coffee.
Footage: Shutterstock
Facebook: facebook.com/behindasian
Instagram: instagram.com/behindasia
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
