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Sandwich Class
Sandwich class is an informal term used in Singapore and Hong Kong{{cite journal , doi = 10.1332/030557394782453690 , title = Affordability, Home Ownership and the Middle Class Housing Crisis in Hong Kong , year = 1994 , author = Lee, James , journal = Policy & Politics , volume = 22 , issue = 3 , pages = 179 to refer to the middle class. Generally, the sandwich class consists of lower-middle-class people who feel "squeezed" — although they are not poor, they are not able to achieve their aspirations as people with a higher income. In Hong Kong, this comprises families with an income of US$20,000–40,000 per year. Per capita income is typically around US$10,000 per year in Hong Kong, so this places them far above the average family in the territory. However, given very high real estate prices, it is nowhere near enough for them to afford a private residence. Hence, they are "sandwiched" between the large population who truly need public assistance, and the small ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only in Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resume ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle Class
The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, capitalism and political debate. Common definitions for the middle class range from the middle fifth of individuals on a nation's income ladder, to everyone but the poorest and wealthiest 20%. Theories like "Paradox of Interest" use decile groups and wealth distribution data to determine the size and wealth share of the middle class. From a Marxist standpoint, middle class initially referred to the 'bourgeoisie,' as distinct from nobility. With the development of capitalist societies and further inclusion of the bourgeoisie into the ruling class, middle class has been more closely identified by Marxist scholars with the term 'petite bourgeoisie.' There has been significant global middle-class growth over time. In February 2009, ''The Economist'' asserted that over half of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sandwich Class Housing Scheme
The Sandwich Class Housing Scheme was a scheme from the Hong Kong Housing Society offering apartments to middle-income families, i.e. sandwich class, at concessionary prices during the 1990s in Hong Kong. The purchases were subject to a five-year resale restriction. The first development, Tivoli Garden, was completed in 1995, and was followed by 12 other developments. In total, more than 12,000 units were offered. Unlike Home Ownership Scheme and Flat-for-Sale Scheme, the owners under Sandwich Class Housing Scheme must pay a land premium before they can sell their flats in the free second-hand property market. Developments The housing estates built under the scheme were: (number of apartments and year of completion into brackets) * Park Belvedere (雅景臺), Ma On Shan (882 - 1998) * Sunshine Grove (晴碧花園), Sha Tin (508 - 1998) * The Pinnacle (叠翠軒), Tseung Kwan O (1,424 - 1999) * Tivoli Garden (宏福花園), Tsing Yi (1,024 - 1995) * Hibiscus Park (芊紅居 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
My Home Purchase Plan
My Home Purchase Plan is one of the public housing initiatives of Hong Kong. This plan enables eligible citizens to purchase homes by way of "rent-and-buy". The Plan aims to provide assistance to potential sandwich class home buyers who are able to repay mortgages in the long term but currently do not have enough savings for the down payment. This plan is introduced by the Chief Executive of Hong Kong in the Policy address of Hong Kong 2010. The implementation of plan, that is the first 5000 flats under the plan is expected to be ready for sell in 2014. Under this Plan, the Hong Kong Housing Society will lease the flats to eligible applicants at prevailing market rates. The tenancy period will be up to five years, within which the rent will stay put. After an occupation period of two years, tenants may purchase the flat they rent or another flat under the Plan at prevailing market price, or a flat on the private market. They will receive a subsidy equivalent to half of the net r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle Class Culture
Middle or The Middle may refer to: * Centre (geometry), the point equally distant from the outer limits. Places * Middle (sheading), a subdivision of the Isle of Man * Middle Bay (other) * Middle Brook (other) * Middle Creek (other) * Middle Island (other) * Middle Lake (other) * Middle Mountain, California * Middle Peninsula, Chesapeake Bay, Virginia * Middle Range, a former name of the Xueshan Range on Taiwan Island * Middle River (other) * Middle Rocks, two rocks at the eastern opening of the Straits of Singapore * Middle Sound, a bay in North Carolina * Middle Township (other) * Middle East Music * "Middle" (song), 2015 * "The Middle" (Jimmy Eat World song), 2001 * "The Middle" (Zedd, Maren Morris and Grey song), 2018 *"Middle", a song by Rocket from the Crypt from their 1995 album ''Scream, Dracula, Scream!'' *"The Middle", a song by Demi Lovato from their debut album ''Don't Forget'' *"The Middle", a song ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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