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Article: Optimal site area for high-density housing development

TitleOptimal site area for high-density housing development
Authors
KeywordsHong Kong
Housing
Land development
Land policy
Town planning
Issue Date2002
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/habitatint
Citation
Habitat International, 2002, v. 26 n. 4, p. 539-552 How to Cite?
AbstractThis study provides an empirical assessment of the optimal site area for master-planned high-density housing development in Hong Kong. Conventional hedonic pricing methods are not used because they cannot separate the amenity value of large sites from the price effects caused by market power. We obtain our estimate from a unique data set containing the choice of applicants for public housing units in 128 housing estates in Hong Kong between 1990 and 1998. An inverted U-shaped relationship between site area and popularity of the estate is revealed. We conclude that the land areas of most public housing estates in Hong Kong are sub-optimal. Our estimated optimal site area serves as a quantitative benchmark for the government in its future disposal of public as well as private housing land. © 2002 Elsevier Science Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/48714
ISSN
2015 Impact Factor: 2.029
2015 SCImago Journal Rankings: 1.038
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorSuen, Wen_HK
dc.contributor.authorTang, BSen_HK
dc.date.accessioned2008-05-22T04:22:11Z-
dc.date.available2008-05-22T04:22:11Z-
dc.date.issued2002en_HK
dc.identifier.citationHabitat International, 2002, v. 26 n. 4, p. 539-552en_HK
dc.identifier.issn0197-3975en_HK
dc.identifier.urihttp://hdl.handle.net/10722/48714-
dc.description.abstractThis study provides an empirical assessment of the optimal site area for master-planned high-density housing development in Hong Kong. Conventional hedonic pricing methods are not used because they cannot separate the amenity value of large sites from the price effects caused by market power. We obtain our estimate from a unique data set containing the choice of applicants for public housing units in 128 housing estates in Hong Kong between 1990 and 1998. An inverted U-shaped relationship between site area and popularity of the estate is revealed. We conclude that the land areas of most public housing estates in Hong Kong are sub-optimal. Our estimated optimal site area serves as a quantitative benchmark for the government in its future disposal of public as well as private housing land. © 2002 Elsevier Science Ltd. All rights reserved.en_HK
dc.format.extent955502 bytes-
dc.format.extent242007 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/pdf-
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.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectHong Kongen_HK
dc.subjectHousingen_HK
dc.subjectLand developmenten_HK
dc.subjectLand policyen_HK
dc.subjectTown planningen_HK
dc.titleOptimal site area for high-density housing developmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0197-3975&volume=26&issue=4&spage=539&epage=552&date=2002&atitle=Optimal+site+area+for+high-density+housing+developmenten_HK
dc.identifier.emailSuen, W: hrneswc@hkucc.hku.hken_HK
dc.identifier.emailTang, BS: bsbstang@hku.hken_HK
dc.identifier.authoritySuen, W=rp00066en_HK
dc.identifier.authorityTang, BS=rp01646en_HK
dc.description.naturepostprinten_HK
dc.identifier.doi10.1016/S0197-3975(02)00018-8en_HK
dc.identifier.scopuseid_2-s2.0-0036891144en_HK
dc.identifier.hkuros80282-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0036891144&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume26en_HK
dc.identifier.issue4en_HK
dc.identifier.spage539en_HK
dc.identifier.epage552en_HK
dc.identifier.isiWOS:000179316100007-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridSuen, W=7006977946en_HK
dc.identifier.scopusauthoridTang, BS=7402560881en_HK

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