Download or read book Markets at Work written by Bertrand Renaud and published by Hong Kong University Press. This book was released on 1997-07-28 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The real estate economy of Hong Kong is one of the most dynamic and sophisticated in the world, and has contributed greatly to the spectacular development of this vibrant city. More importantly, at a time of rapid globalization of the world economy, it is possibly the best model of the behaviour of an advanced real estate industry operating in an open economy. Hong Kong is thereforeof interest to analysts and policymakers everywhere, not least because of Hong Kong's political reintegration with China in 1997. With this in mind, the authors have managed to capture the key economic features of the private residential real estate market in Hong Kong in this compact volume. They have identified and highlighted critical institutions that contribute to the success and economic factors which shape the dynamics of all sectors of the real estate industry in Hong Kong. This book is essential reading for market analysts, policymakers, students and international readers with an interest in comparative analysis of real estate markets and institutions.' Professor Anthony Walker, Centre for Real Estate and Urban Economics,The University of Hong Kong.

Download or read book Government s Role in the Housing Market of Hong Kong written by Lai-ying Chu (Lisa) and published by . This book was released on 2001 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Price Effects of Hiring Estate Agents in the Hong Kong Housing Market written by LEUNG HOI TAO and published by LEUNG HOI TAO. This book was released on 2018-02-22 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: A research studies estate agents how to affect the housing prices in the Hong Kong housing market. Most of the works on the housing markets in Hong Kong has ignored the importance of real estate agents. Housing market is an imperfectly competitive market. The main function of a real estate agent in housing market is to provide information and bring buyers and sellers together. But, the empirical results of those previous studies are conflicting. Some studies found out that the effect of estate agents on housing prices is positive, but other studies demonstrated that the effect is negative.

Download or read book Government s Role in the Housing Market of Hong Kong written by Lai-Ying Lisa Chu and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Determinants of Property Prices in Hong Kong SAR written by Mr.R. Sean Craig and published by International Monetary Fund. This book was released on 2011-11-01 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an econometric model of residential property prices in Hong Kong SAR to assess the effectiveness of alternative policies in slowing the increase in property prices. The rapid rise in property prices is well explained by macroconomic fundamentals; real GDP per capital, real domestic credit, construction costs, land supply, and the real interest rate. Policy can influence the property market though land supply and prudential and tax policy, with the latter policies taking the form of a stamp duty on property transactions and a tighter loan-to-value ratio (LTV) on lending. Land supply is the most effective policy insturment for restraining property price increases but it operates with a significant lag. The LTV and stamp duty dampen speculative activity that drives up property prices. While these policies can slow the increase in the short run, they should be guided by their long run objectives of financial stability and counteracting speculation.

Download or read book Law Economics and Finance of the Real Estate Market written by Rita Yi Man Li and published by Springer Science & Business Media. This book was released on 2014-03-10 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The symbiosis between the law, economics and finance is evidenced in our daily lives. This book elucidates the relationship between these factors in Singapore and Hong Kong in direct and indirect real estate market. In Singapore, for example, there is an inseparable relationship between law, economics, finance and the HDB market. The book also showcases the concept of invitation to treat and offer, monetary compensation for environmental externalities under the lens of institutional economics. It also sheds light on the relationship between financial crisis, regulations, housing prices and indirect real estate market.

Download or read book Housing Home Ownership and Social Change in Hong Kong written by James Lee and published by Routledge. This book was released on 2019-07-23 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume examines the issue that, in the last two decades, the housing system in Hong Kong has witnessed a slow but consistent transition from a tenure dominated by public rental housing to one dominated by private home ownership. This book seeks to explain the unique social organization of home ownership in contemporary Hong Kong. Specifically, the book deals with the genesis of home ownership from three areas: housing histories, family culture and capital gains from home transactions. It is agreed that extreme deprivations in housing conditions in early lives, a strong family culture of mutual help as well as unprecedented capital gains, all contribute towards explaining the complex nature of home ownership growth. In conclusion the book suggests that with China regaining sovereignty after July 1997, the social organization of home ownership will be further complicated by more internal migrations from other parts of China, making housing problems even more acute.

Download or read book Are House Prices Rising too Fast in Hong Kong SAR written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong Kong SAR does not seem to be significantly higher than would be justified by underlying fundamentals. Moreover, unlike advanced economies before 2007-8, deviation from fundamentals has not been persistent in Hong Kong.Going forward, low interest rate and improving growth prospects, as well as a tight supply, particularly in the mass market, means that house price growth will continue to be strong.This is the period in which vulnerability may be accumulating, and tight prudential standards and fiscal measures will be required to tame price inflation.

Download or read book Theory and Policy of the Housing Market written by Yin-Ching Raymond Tse and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Theory and Policy of the Housing Market: Withspecial Reference to Hong Kong" by Yin-ching, Raymond, Tse, 謝賢程, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b3123442 Subjects: Real property - China - Hong Kong Land use - Government policy - China - Hong Kong Housing policy - China - Hong Kong

Download or read book The Housing Market in Hong Kong written by Christiaan Grootaert and published by . This book was released on 1981 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Urban Planning and the Housing Market written by Nicole Gurran and published by Springer. This book was released on 2017-05-31 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book re-examines the role of urban policy and planning in relation to the housing market in an era of global uncertainty and change. The relationship between planning and the housing market is a contested problem across research, policy, and practice. Problems with housing supply and affordability in many nations have been linked to planning system constraints, while the global financial crisis has raised new questions about the role of urban planning regulation and processes in responding to housing market trends. With reference to international cases from the United Kingdom, the United States, Ireland, Hong Kong and Australia, the book examines how different systems of urban planning and governance address complex and dynamic housing market trends. It also offers practical guidance on how urban planning can support an efficient supply of appropriate and affordable homes in preferred locations. A detailed study, which explains and decodes the workings of the planning system and housing market, this book will be of particular interest to scholars of human geography and urban planning, as well as housing policy makers and practitioners. To view Nicole Gurran’s related TEDx talk please visit: Housing Crisis? How about housing solutions. TEDx Sydney 2018 (http://bit.ly/2psfpMw)

Download or read book An Estimated DSGE Model to Analyze Housing Market Policies in Hong Kong SAR written by Mr.Pau Rabanal and published by International Monetary Fund. This book was released on 2018-04-13 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last decade, Hong Kong SAR has experienced a large increase in house prices and credit, prompting the authorities to respond with several rounds of tightening macroprudential rules and increasing stamp duty taxes. This paper provides a Dynamic Stochastic General Equilibrium (DSGE) model for Hong Kong SAR and analyzes the effectiveness of these measures, and finds that they have helped reduce house price appreciation and household leverage. A baseline small open economy real business cycle model is extended by including a housing sector, financial frictions, foreign demand for the domestic housing stock, and is estimated using Bayesian methods and data for Hong Kong SAR between 1996 and 2017. The paper finds that, without these policies, house prices would have been 10.5 percent higher, and the household credit-GDP ratio 14 percent higher.

Download or read book Study of Private Housing Market in Hong Kong written by Sai-ling Yam and published by . This book was released on 2002 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hong Kong Housing Market Theory and Evidence written by Yim Chun Wong and published by . This book was released on 1998 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Study of Private Housing Market in Hong Kong written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hong Kong s Housing Policy written by Betty Yung and published by Hong Kong University Press. This book was released on 2008-07-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines housing policy in Hong Kong using a new and unique interdisciplinary approach – combining the philosophical discussion on social justice with policy and housing studies. It considers both Western and Chinese concepts of social justice, and investigates the role of social justice in a public policy such as housing. As a philosophical treatise on social administration, the book will be of interest to philosophy, public administration, and housing studies academics and students of all countries. Since Hong Kong represents a very special case with massive governmental intervention into the housing market, housing professionals and policy makers will find the analysis of Hong Kong's housing policy useful.

Download or read book Trading Volume and Liquidity Premium in the Hong Kong Housing Market written by Hon-Ho Kwok and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Trading Volume and Liquidity Premium in the Hong Kong Housing Market" by Hon-ho, Kwok, 郭漢豪, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled "Trading Volume and Liquidity Premium in the Hong Kong Housing Market" Submitted by Kwok Hon Ho for the degree of Master of Philosophy at The University of Hong Kong in Aug 2006 Various liquidity measures, such as the time on the market and trading volume, appear in the economics and finance literature. Since prices and liquidities are normally the optimal choices of asset owners, these liquidity measures are endogenous. Because of the endogeneity of liquidity measures, the ordinary least squares estimator is biased and inconsistent. The ordinary least squares estimate of liquidity effect is expected to be upward biased because of the positive correlation between price and trading volume. In this study, the instrument-variable estimation is proposed to handle the endogeneity problem. The proposed instrument is the size of the housing development, which can be expressed in terms of the number of units developed in the development project. The upward bias of the ordinary least squares estimates and the endogeneity of trading volume are supported by the evidence from the Hong Kong housing market. The choice of instrument is motivated by the conjectured size effects of housing development in Hong Kong. Holding the houses' attributes constant, residential units in Hong Kong are expected to be of higher prices and higher liquidities if the units are developed in large scale development projects or located in large housing estates. Empirical results show that significant size effects do exist in Hong Kong. The estimated size effects on price and liquidity are tremendous. The size effects can be explained by a model based on search friction. DOI: 10.5353/th_b3688190 Subjects: Liquidity (Economics) Housing development - China - Hong Kong Housing - Prices - China - Hong Kong