skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Regeneration of Former Industrial Areas: The Expectation Effects of the “Energizing Kowloon East Policy” on Office Properties in Hong Kong

Journal of real estate practice and education, 2016-01, Vol.19 (1), p.43-68 [Peer Reviewed Journal]

2016 The American Real Estate Society ;Copyright American Real Estate Society 2016 ;ISSN: 1521-4842 ;EISSN: 1930-8914 ;DOI: 10.1080/10835547.2016.12091757

Full text available

Citations Cited by
  • Title:
    Regeneration of Former Industrial Areas: The Expectation Effects of the “Energizing Kowloon East Policy” on Office Properties in Hong Kong
  • Author: Jayantha, Wadu Mesthrige ; Bun, Cheung Chun ; Hui, C.M.
  • Subjects: Central business districts ; Infrastructure ; Property values ; Studies ; Urban renewal
  • Is Part Of: Journal of real estate practice and education, 2016-01, Vol.19 (1), p.43-68
  • Description: Improvement of urban infrastructure, which is meant to enhance the built environment, is presumed to bring positive externalities to property values in the vicinity. In 2010, the Government of the Hong Kong Special Administrative Region introduced the Energizing Kowloon East policy in order to transform Kowloon East into another premier central business district (CBD). The purpose of this study is to explore the expectation effects of the announcement of this policy on office property values in the Kowloon East new business area. The results suggest that this policy announcement did exert a net positive effect on the office property prices in Kowloon East. The findings suggest that potential office property buyers are willing to consider the “expected” area improvement as a positive factor in pricing a property. This study provides further evidence about the perceived links between urban development facilities and property prices: meaning, the anticipated benefits brought about by urban development policies are capitalized into property values.
  • Publisher: Clemson: American Real Estate Society
  • Language: English
  • Identifier: ISSN: 1521-4842
    EISSN: 1930-8914
    DOI: 10.1080/10835547.2016.12091757
  • Source: ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait