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Article: The effects of expected transport improvements on housing prices

TitleThe effects of expected transport improvements on housing prices
Authors
Issue Date2005
PublisherSage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/
Citation
Urban Studies, 2005, v. 42 n. 1, p. 113-125 How to Cite?
AbstractImprovements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits offered by a new tunnel before its completion. The results showed that there were positive price expectation effects well before the completion of the tunnel. The expectation effects allow the government to finance infrastructure projects by selling land in the affected districts in advance. © 2005 The Editors of Urban Studies.
Persistent Identifierhttp://hdl.handle.net/10722/168719
ISSN
2015 Impact Factor: 1.934
2015 SCImago Journal Rankings: 1.567
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYiu, CYen_HK
dc.contributor.authorWong, SKen_HK
dc.date.accessioned2012-10-08T03:31:46Z-
dc.date.available2012-10-08T03:31:46Z-
dc.date.issued2005en_HK
dc.identifier.citationUrban Studies, 2005, v. 42 n. 1, p. 113-125en_HK
dc.identifier.issn0042-0980en_HK
dc.identifier.urihttp://hdl.handle.net/10722/168719-
dc.description.abstractImprovements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits offered by a new tunnel before its completion. The results showed that there were positive price expectation effects well before the completion of the tunnel. The expectation effects allow the government to finance infrastructure projects by selling land in the affected districts in advance. © 2005 The Editors of Urban Studies.en_HK
dc.languageengen_US
dc.publisherSage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/en_HK
dc.relation.ispartofUrban Studiesen_HK
dc.titleThe effects of expected transport improvements on housing pricesen_HK
dc.typeArticleen_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.emailWong, SK: kelvin.wong@hku.hken_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.identifier.authorityWong, SK=rp01028en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1080/0042098042000309720en_HK
dc.identifier.scopuseid_2-s2.0-13644264975en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-13644264975&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume42en_HK
dc.identifier.issue1en_HK
dc.identifier.spage113en_HK
dc.identifier.epage125en_HK
dc.identifier.isiWOS:000226803900006-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.scopusauthoridWong, SK=7404591021en_HK

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