Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/10821
Title: Optimal site area for high-density housing development
Authors: Suen, W
Tang, BS
Keywords: Hong Kong
Housing
Land development
Land policy
Town planning
Issue Date: 2002
Publisher: Pergamon Press
Source: Habitat international, 2002, v. 26, no. 4, p. 539-552 How to cite?
Journal: Habitat international 
Abstract: This 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.
URI: http://hdl.handle.net/10397/10821
ISSN: 0197-3975
EISSN: 1873-5428
DOI: 10.1016/S0197-3975(02)00018-8
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