Hong Kong and Singapore are characterized by rapid economic development and a high population density of 6,250 and 6,055 per km 2 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...

Purpose – The purpose of this paper is to investigate the merits of a full privatization policy of the HDB concessionary rate mortgage loans. It is believed that price competition among domestic banks will be infused and sustained, resulting in improved efficiency for the banking sector and...