<b>A Study on the Future Development of the Real Estate Markets in China’s Hong Kong and Mainland</b>

With differentiated development in the real estate market, this study delves into the future development of the real estate markets in China’s Hong Kong and mainland. The aim is to analyze the current development status and challenges faced by both markets and propose corresponding optimization strategies. The research method combines the latest policy trends and market data, with a comparative analysis approach. According to key findings of this study, Hong Kong faces issues such as high housing prices and insufficient land supply, requiring accelerated real estate tax legislation and expanded public housing supply. The Chinese mainland, on the other hand, must address challenges such as inventory pressure and fiscal dependency, requiring the promotion of asset-light transformation and universal access to affordable housing. The research results display that the real estate markets in both places urgently need policy optimization and model transformation to achieve sustainable development. The significance of this study lies in providing differentiated development paths for the real estate markets in China’s Hong Kong and mainland. This helps balance the efficiency and fairness of housing policies, exerting a great impact on the construction of a long-term real estate development mechanism, and realizing the social contract of “housing for all”. In addition, this study will offer theoretical support and practical guidance for the healthy development of the real estate markets in both regions.