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Conference Paper: The Unintended Consequences of Public-sector-led Urban Renewal Projects

TitleThe Unintended Consequences of Public-sector-led Urban Renewal Projects
Authors
Chau, KWLiang, JLiusman, E
Issue Date2017
PublisherThe American Real Estate and Urban Economics Association.
Citation
American Real Estate and Urban Economics Association (AREUEA) International Conference, Amsterdam, The Netherlands, 3-5 July 2017 How to Cite?
AbstractBased on empirical observations from Hong Kong, we found that public sector led redevelopment projects have a negative impact on the prices of older nearby housing units. The same negative impact does not exists in private sector redevelopment projects. The results are consistent with our conjecture that the real redevelopment option of a housing unit will be lower by a nearby public sector led redevelopment projects. This is further confirmed by the weakening of such effects as the distance between the nearby housing unit and the redevelopment project increases.
DescriptionSession A3 Housing Development: 1
Persistent Identifierhttp://hdl.handle.net/10722/264440

 

DC FieldValueLanguage
dc.contributor.authorChau, KW-
dc.contributor.authorLiang, J-
dc.contributor.authorLiusman, E-
dc.date.accessioned2018-10-22T07:54:58Z-
dc.date.available2018-10-22T07:54:58Z-
dc.date.issued2017-
dc.identifier.citationAmerican Real Estate and Urban Economics Association (AREUEA) International Conference, Amsterdam, The Netherlands, 3-5 July 2017-
dc.identifier.urihttp://hdl.handle.net/10722/264440-
dc.descriptionSession A3 Housing Development: 1-
dc.description.abstractBased on empirical observations from Hong Kong, we found that public sector led redevelopment projects have a negative impact on the prices of older nearby housing units. The same negative impact does not exists in private sector redevelopment projects. The results are consistent with our conjecture that the real redevelopment option of a housing unit will be lower by a nearby public sector led redevelopment projects. This is further confirmed by the weakening of such effects as the distance between the nearby housing unit and the redevelopment project increases.-
dc.languageeng-
dc.publisherThe American Real Estate and Urban Economics Association. -
dc.relation.ispartofAREUEA International Conference-
dc.titleThe Unintended Consequences of Public-sector-led Urban Renewal Projects-
dc.typeConference_Paper-
dc.identifier.emailChau, KW: hrrbckw@hku.hk-
dc.identifier.emailLiang, J: joliang@hku.hk-
dc.identifier.authorityChau, KW=rp00993-
dc.identifier.hkuros293930-
dc.publisher.placeAmsterdam-

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