IJSSER

Title: Housing Inequality in Hong Kong: Investigating The Relationship Between gentrification and Life Satisfaction
Authors: Ke Coco Ren
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Ke Coco Ren Chinese International School Hong Kong
MLA 8 Ren, Ke Coco. "Housing Inequality in Hong Kong: Investigating The Relationship Between gentrification and Life Satisfaction." Int. j. of Social Science and Economic Research, vol. 9, no. 6, June 2024, pp. 1758-1774, doi.org/10.46609/IJSSER.2024.v09i06.009. Accessed June 2024. APA 6 Ren, K. (2024, June). Housing Inequality in Hong Kong: Investigating The Relationship Between gentrification and Life Satisfaction. Int. j. of Social Science and Economic Research, 9(6), 1758-1774. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i06.009 Chicago Ren, Ke Coco. "Housing Inequality in Hong Kong: Investigating The Relationship Between gentrification and Life Satisfaction." Int. j. of Social Science and Economic Research 9, no. 6 (June 2024), 1758-1774. Accessed June, 2024. https://doi.org/10.46609/IJSSER.2024.v09i06.009.
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ABSTRACT: In Hong Kong, the contrast between wealth and poverty is stark. Amidst its 7.3 million residents, 125,100 are millionaires while 1.6 million live in poverty. Rent has surged by 187%, forcing 220,000 of the most vulnerable into "coffin homes"—tiny units barely fitting a bed. This issue is acute in districts like Mongkok, the densest district globally. The Hong Kong government has responded with initiatives such as the Urban Renewal Authority (URA). While some praise these efforts, others criticize them for favoring affluent investors over vulnerable residents. This research essay will aim to provide a comprehensive overview of the Urban Renewal Strategy's impact to residents’ life satisfaction by closely examining two cases: Langham Place and Hong Lok Street (Bird Market). This study will consider both psychological and economic factors, recognizing that elements like financial stability, social mobility, and living conditions significantly influence life satisfaction.

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