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Article: Private space, shared space and private housing prices in Hong Kong: An exploratory study

TitlePrivate space, shared space and private housing prices in Hong Kong: An exploratory study
Authors
KeywordsHong Kong
Housing
Living space
Open space
Public space
Issue Date2008
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/habitatint
Citation
Habitat International, 2008, v. 32 n. 3, p. 336-348 How to Cite?
AbstractThis exploratory study examines the relationship between internal space, shared space and private housing prices. Housing floor area is an ambiguous concept in Hong Kong because it covers a possible exaggeration of the amount of 'private space' exclusively enjoyed by the owner and an unidentifiable portion of 'public space' shared with other owners within the development. Using hedonic pricing models, this study has found that different distributions between private and shared space command different values from the housing buyers. Shared communal space generally exerts a downward pressure on housing prices. The buyers are willing to pay more for the private space and some desirable forms of communal space. A higher willingness-to-pay for the desirable attributes such as clubhouse indicates that the Hong Kong people are increasingly concerned about the quality of living space in the built environment. This study suggests a need of further research into the exact measurement and the different forms of housing space rather than simply taking the stated floor space figures for granted. © 2007 Elsevier Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/124392
ISSN
2015 Impact Factor: 2.029
2015 SCImago Journal Rankings: 1.038
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChan, EHWen_HK
dc.contributor.authorSo, HMen_HK
dc.contributor.authorTang, BSen_HK
dc.contributor.authorWong, WSen_HK
dc.date.accessioned2010-10-31T10:31:49Z-
dc.date.available2010-10-31T10:31:49Z-
dc.date.issued2008en_HK
dc.identifier.citationHabitat International, 2008, v. 32 n. 3, p. 336-348en_HK
dc.identifier.issn0197-3975en_HK
dc.identifier.urihttp://hdl.handle.net/10722/124392-
dc.description.abstractThis exploratory study examines the relationship between internal space, shared space and private housing prices. Housing floor area is an ambiguous concept in Hong Kong because it covers a possible exaggeration of the amount of 'private space' exclusively enjoyed by the owner and an unidentifiable portion of 'public space' shared with other owners within the development. Using hedonic pricing models, this study has found that different distributions between private and shared space command different values from the housing buyers. Shared communal space generally exerts a downward pressure on housing prices. The buyers are willing to pay more for the private space and some desirable forms of communal space. A higher willingness-to-pay for the desirable attributes such as clubhouse indicates that the Hong Kong people are increasingly concerned about the quality of living space in the built environment. This study suggests a need of further research into the exact measurement and the different forms of housing space rather than simply taking the stated floor space figures for granted. © 2007 Elsevier Ltd. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/habitatinten_HK
dc.relation.ispartofHabitat Internationalen_HK
dc.subjectHong Kongen_HK
dc.subjectHousingen_HK
dc.subjectLiving spaceen_HK
dc.subjectOpen spaceen_HK
dc.subjectPublic spaceen_HK
dc.titlePrivate space, shared space and private housing prices in Hong Kong: An exploratory studyen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0197-3975&volume=32&issue=3&spage=336&epage=348&date=2008&atitle=Private+space,+shared+space+and+private+housing+prices+in+Hong+Kong:+an+exploratory+studyen_HK
dc.identifier.emailTang, BS: bsbstang@hku.hken_HK
dc.identifier.emailWong, WS: wswong@hku.hken_HK
dc.identifier.authorityTang, BS=rp01646en_HK
dc.identifier.authorityWong, WS=rp01029en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.habitatint.2007.11.004en_HK
dc.identifier.scopuseid_2-s2.0-43049181345en_HK
dc.identifier.hkuros173775en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-43049181345&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume32en_HK
dc.identifier.issue3en_HK
dc.identifier.spage336en_HK
dc.identifier.epage348en_HK
dc.identifier.isiWOS:000257625300005-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChan, EHW=7401994053en_HK
dc.identifier.scopusauthoridSo, HM=23104033100en_HK
dc.identifier.scopusauthoridTang, BS=7402560881en_HK
dc.identifier.scopusauthoridWong, WS=16508005400en_HK

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