The Impact of Zoning on Housing Prices in Hong Kong
Author | : Qinchun Han |
Publisher | : |
Total Pages | : |
Release | : 2017-01-28 |
Genre | : |
ISBN | : 9781374809123 |
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Author | : Qinchun Han |
Publisher | : |
Total Pages | : |
Release | : 2017-01-28 |
Genre | : |
ISBN | : 9781374809123 |
Author | : Qinchun Han |
Publisher | : |
Total Pages | : 382 |
Release | : 1997 |
Genre | : Housing |
ISBN | : |
Author | : Lawrence Wai-chung Lai |
Publisher | : Hong Kong University Press |
Total Pages | : 242 |
Release | : 1998-04-01 |
Genre | : Business & Economics |
ISBN | : 962209452X |
The author combines the unique multidisciplinary backgrounds of an academic, a political scientist, a lawyer and an urban planner to provide the reader with a novel and challenging discussion about the economic nature of land use zoning. Besides establishing a coherent framework for zoning based on the Coasian property rights paradigm, the book offers the reader several up-to-date case studies, including the government role in assigning exclusive property rights via marine fish culture zoning in Hong Kong. The observations provided in the case studies make a valuable contribution to the reader's knowledge of both the effects of zoning systems and the value of the property rights framework for analysis. They also have important implications for future town planning exercises. Lawrence Lai has been a Lecturer in economics in the Department of Surveying at the University of Hong Kong since 1989. His research interests are property rights analyses in respect of politics, urban planning and environment. This book will be of value to students working in a wide range of subjects, including the building environment and economics, as well as property professionals and environmental planners.
Author | : Ruijue Peng |
Publisher | : |
Total Pages | : 46 |
Release | : 1993 |
Genre | : Housing |
ISBN | : |
Author | : Shu Wang |
Publisher | : |
Total Pages | : 74 |
Release | : 2015 |
Genre | : |
ISBN | : |
The objective of this thesis is to investigate the effects of land supply on housing prices in Hong Kong. Studies will be carried out to define whether there are any correlation between land supply, housing supply and residential property prices. In order to better understand Hong Kong's housing market, this study will first present a background of establishment of Hong Kong's land tenure system, land administration system and the government's land sale process, while trying to answer the question of whether the perceived shortage in housing supply is a direct consequence of the shortage in government's land supply. The study then examines the concentration of market shares among a handful of developers and the high barrier to entry that have resulted in such anti-competitive environment. The study analyzes the leading developers' competitive advantages in terms of land bank and financial strength, and their housing supply strategies in relation to the government's land supply decisions. This paper will then insert the theoretical findings into realistic settings of Hong Kong's housing development industry, and apply the methodology of event study to detect the impact of real estate companies' development strategies and how it alters the perceived relationship between the supply of land and the supply of housing. By simultaneously considering the effects of development strategies with government land policies, the paper aims to better evaluate governments measure to regulate housing market and hope to recommend more effective policies on residential land supply in Hong Kong.
Author | : Mr.R. Sean Craig |
Publisher | : International Monetary Fund |
Total Pages | : 15 |
Release | : 2011-11-01 |
Genre | : Business & Economics |
ISBN | : 1463925948 |
This paper uses an econometric model of residential property prices in Hong Kong SAR to assess the effectiveness of alternative policies in slowing the increase in property prices. The rapid rise in property prices is well explained by macroconomic fundamentals; real GDP per capital, real domestic credit, construction costs, land supply, and the real interest rate. Policy can influence the property market though land supply and prudential and tax policy, with the latter policies taking the form of a stamp duty on property transactions and a tighter loan-to-value ratio (LTV) on lending. Land supply is the most effective policy insturment for restraining property price increases but it operates with a significant lag. The LTV and stamp duty dampen speculative activity that drives up property prices. While these policies can slow the increase in the short run, they should be guided by their long run objectives of financial stability and counteracting speculation.
Author | : Wai Chun Lau |
Publisher | : |
Total Pages | : 158 |
Release | : 2008 |
Genre | : Housing |
ISBN | : |
Author | : LEUNG HOI TAO |
Publisher | : LEUNG HOI TAO |
Total Pages | : 128 |
Release | : 2018-02-22 |
Genre | : Business & Economics |
ISBN | : |
A research studies estate agents how to affect the housing prices in the Hong Kong housing market. Most of the works on the housing markets in Hong Kong has ignored the importance of real estate agents. Housing market is an imperfectly competitive market. The main function of a real estate agent in housing market is to provide information and bring buyers and sellers together. But, the empirical results of those previous studies are conflicting. Some studies found out that the effect of estate agents on housing prices is positive, but other studies demonstrated that the effect is negative.
Author | : Lawrence Wai-chung Lai |
Publisher | : Hong Kong Economic Policy Stud |
Total Pages | : 180 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : |
This book addresses one of Hong Kong's most sensitive issues: land-use planning d its effects on land supply and the housing market. The present planning system and the conflicts between various planning ordinances are criticized. The book proposes several ways to minimizing the transaction costs of development and environmental improvement.
Author | : Frank Joseph Shulman |
Publisher | : Hong Kong University Press |
Total Pages | : 878 |
Release | : 2001-01-01 |
Genre | : Language Arts & Disciplines |
ISBN | : 9789622093973 |
A descriptively annotated, multidisciplinary, cross-referenced and extensively indexed guide to 2,395 dissertations that are concerned either in whole or in part with Hong Kong and with Hong Kong Chinese students and emigres throughout the world.