HOUSING SUPPLY UNDER RAPID ECONOMIC-GROWTH AND VARYING REGULATORY STRINGENCY - AN INTERNATIONAL COMPARISON

We present results of an empirical investigation and comparison of hou sing supply in three rapidly growing countries: Malaysia, Thailand, an d Korea. These countries offer three contrasting examples of different approaches to development control. Korea has relatively strict contro l of housing supply. Thailand has little effective regulation of devel opment. Malaysia offers an intermediate fast, having adopted in the mi d-1970s development control legislation patterned on the British Town and Country: Planning Act. The consequences of this regulatory shift f or aggregate housing supply appear to have been substantial. (C) 1996 Academic Press, Inc.