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Article: Building depreciation and sustainable development

TitleBuilding depreciation and sustainable development
Authors
KeywordsHousing depreciation
Sensitive analysis
Sustainable development
Issue Date2007
PublisherPalgrave Macmillan Ltd. The Journal's web site is located at http://www.palgrave-journals.com/jba
Citation
Journal Of Building Appraisal, 2007, v. 3 n. 2, p. 97-103 How to Cite?
AbstractSustainable development is a hot topic, but is mostly referred to environmental protection, although it encompasses environmental, social and economic developments as defined by the United Nations. Worse still, the impacts of building maintenance on sustainable (economic) development are almost totally ignored. This paper aims to carry out the first sensitivity analysis of the impacts of housing depreciation on sustainable development in Hong Kong. The analysis is based on an empirical result of the housing depreciation rate and an estimation of the ageing trend of housing in Hong Kong. The results highlight the utmost importance of building maintenance on achieving sustainable development. It does not only reduce construction waste, but it also enhances the total asset value of the city. For example, the analysis shows that a 10 per cent reduction of housing depreciation would yield about 14 per cent increase in gross domestic product (GDP) in a decade, but it just costs about 2.3 per cent of GDP. © 2007 Palgrave MacMillan Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/81824
ISSN
2013 SCImago Journal Rankings: 0.164
References

 

DC FieldValueLanguage
dc.contributor.authorYiu, CYen_HK
dc.date.accessioned2010-09-06T08:22:23Z-
dc.date.available2010-09-06T08:22:23Z-
dc.date.issued2007en_HK
dc.identifier.citationJournal Of Building Appraisal, 2007, v. 3 n. 2, p. 97-103en_HK
dc.identifier.issn1742-8262en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81824-
dc.description.abstractSustainable development is a hot topic, but is mostly referred to environmental protection, although it encompasses environmental, social and economic developments as defined by the United Nations. Worse still, the impacts of building maintenance on sustainable (economic) development are almost totally ignored. This paper aims to carry out the first sensitivity analysis of the impacts of housing depreciation on sustainable development in Hong Kong. The analysis is based on an empirical result of the housing depreciation rate and an estimation of the ageing trend of housing in Hong Kong. The results highlight the utmost importance of building maintenance on achieving sustainable development. It does not only reduce construction waste, but it also enhances the total asset value of the city. For example, the analysis shows that a 10 per cent reduction of housing depreciation would yield about 14 per cent increase in gross domestic product (GDP) in a decade, but it just costs about 2.3 per cent of GDP. © 2007 Palgrave MacMillan Ltd.en_HK
dc.languageengen_HK
dc.publisherPalgrave Macmillan Ltd. The Journal's web site is located at http://www.palgrave-journals.com/jbaen_HK
dc.relation.ispartofJournal of Building Appraisalen_HK
dc.rightsJournal of Building Appraisal. Copyright © Palgrave Macmillan Ltd.en_HK
dc.subjectHousing depreciationen_HK
dc.subjectSensitive analysisen_HK
dc.subjectSustainable developmenten_HK
dc.titleBuilding depreciation and sustainable developmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1742-8262&volume=3&issue=2&spage=97&epage=103&date=2007&atitle=Building+Depreciation+and+Sustainable+Developmenten_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1057/palgrave.jba.2950072en_HK
dc.identifier.scopuseid_2-s2.0-34548013478en_HK
dc.identifier.hkuros134985en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-34548013478&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume3en_HK
dc.identifier.issue2en_HK
dc.identifier.spage97en_HK
dc.identifier.epage103en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.citeulike1769083-

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