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Article: Value of buildings with design features for healthy living: A contingent valuation approach

TitleValue of buildings with design features for healthy living: A contingent valuation approach
Authors
KeywordsHazard prevention in buildings
Housing
Payments
Prices
Issue Date2009
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/f.htm
Citation
Facilities, 2009, v. 27 n. 5-6, p. 229-249 How to Cite?
AbstractPurpose: After the outbreak of the disease of "Severe Acute Respiratory Syndrome (SARS)" in Asia in 2003, a healthy living environment is a major concern. The purpose of this paper is to study the value of healthy building parameters by the Contingent Valuation Method (CVM), which gives a direct appraisal of the occupants' value. Design/methodology/approach: Healthy building parameters were identified in previous studies. Questionnaires are distributed to residents of a large-scale high-rise private housing estate in Hong Kong to find out their willingness to pay (WTP) for individual healthy building parameters. Findings: The results suggest that most residents are willing to pay for healthy building parameters, each with a different value. Research limitations/implications: The paper is limited to studying the eight identified building parameters for healthy buildings. The sample of the study is confined in a private housing estate only and all the occupants are middle class citizens of Hong Kong. The results of the study can be further validated by carrying out similar research with the support of the government or quasi-government bodies to cover a larger sample size for a better return rate. Practical implications: The findings have practical implications on cost-and-benefit analysis of housing design. Originality/value: Housing price is commonly regarded as the total value of a bundle of housing quality and environmental characteristics. The implicit price of individual quality and characteristic is often identified by the hedonic pricing model. However, its validity depends on a lot of econometric assumptions. The study is the first to be conducted after the outbreak of SARS in Hong Kong to gauge the opinions of residents on health/economy issues © Emerald Group Publishing Limited.
Persistent Identifierhttp://hdl.handle.net/10722/59760
ISSN
2015 SCImago Journal Rankings: 0.371
References

 

DC FieldValueLanguage
dc.contributor.authorChan, Een_HK
dc.contributor.authorYiu, CYen_HK
dc.contributor.authorBaldwin, Aen_HK
dc.contributor.authorLee, Gen_HK
dc.date.accessioned2010-05-31T03:56:53Z-
dc.date.available2010-05-31T03:56:53Z-
dc.date.issued2009en_HK
dc.identifier.citationFacilities, 2009, v. 27 n. 5-6, p. 229-249en_HK
dc.identifier.issn0263-2772en_HK
dc.identifier.urihttp://hdl.handle.net/10722/59760-
dc.description.abstractPurpose: After the outbreak of the disease of "Severe Acute Respiratory Syndrome (SARS)" in Asia in 2003, a healthy living environment is a major concern. The purpose of this paper is to study the value of healthy building parameters by the Contingent Valuation Method (CVM), which gives a direct appraisal of the occupants' value. Design/methodology/approach: Healthy building parameters were identified in previous studies. Questionnaires are distributed to residents of a large-scale high-rise private housing estate in Hong Kong to find out their willingness to pay (WTP) for individual healthy building parameters. Findings: The results suggest that most residents are willing to pay for healthy building parameters, each with a different value. Research limitations/implications: The paper is limited to studying the eight identified building parameters for healthy buildings. The sample of the study is confined in a private housing estate only and all the occupants are middle class citizens of Hong Kong. The results of the study can be further validated by carrying out similar research with the support of the government or quasi-government bodies to cover a larger sample size for a better return rate. Practical implications: The findings have practical implications on cost-and-benefit analysis of housing design. Originality/value: Housing price is commonly regarded as the total value of a bundle of housing quality and environmental characteristics. The implicit price of individual quality and characteristic is often identified by the hedonic pricing model. However, its validity depends on a lot of econometric assumptions. The study is the first to be conducted after the outbreak of SARS in Hong Kong to gauge the opinions of residents on health/economy issues © Emerald Group Publishing Limited.en_HK
dc.languageengen_HK
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/f.htmen_HK
dc.relation.ispartofFacilitiesen_HK
dc.subjectHazard prevention in buildingsen_HK
dc.subjectHousingen_HK
dc.subjectPaymentsen_HK
dc.subjectPricesen_HK
dc.titleValue of buildings with design features for healthy living: A contingent valuation approachen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0263-2772&volume=27&spage=229&epage=249&date=2009&atitle=Value+of+Buildings+with+Design+Features+for+Healthy+Living+–+A+Contingent+Valuation+Approachen_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1108/02632770910944952en_HK
dc.identifier.scopuseid_2-s2.0-69549121777en_HK
dc.identifier.hkuros159293en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-69549121777&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume27en_HK
dc.identifier.issue5-6en_HK
dc.identifier.spage229en_HK
dc.identifier.epage249en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChan, E=7401994053en_HK
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.scopusauthoridBaldwin, A=7202820490en_HK
dc.identifier.scopusauthoridLee, G=26324052500en_HK
dc.identifier.citeulike4244335-

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