Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/32747
Title: Private space, shared space and private housing prices in Hong Kong : an exploratory study
Authors: Chan, EHW 
So, HM
Tang, BS
Wong, WS
Keywords: Hong Kong
Housing
Living space
Open space
Public space
Issue Date: 2008
Publisher: Pergamon Press
Source: Habitat international, 2008, v. 32, no. 3, p. 336-348 How to cite?
Journal: Habitat international 
Abstract: This exploratory study examines the relationship between internal space, shared space and private housing prices. Housing floor area is an ambiguous concept in Hong Kong because it covers a possible exaggeration of the amount of 'private space' exclusively enjoyed by the owner and an unidentifiable portion of 'public space' shared with other owners within the development. Using hedonic pricing models, this study has found that different distributions between private and shared space command different values from the housing buyers. Shared communal space generally exerts a downward pressure on housing prices. The buyers are willing to pay more for the private space and some desirable forms of communal space. A higher willingness-to-pay for the desirable attributes such as clubhouse indicates that the Hong Kong people are increasingly concerned about the quality of living space in the built environment. This study suggests a need of further research into the exact measurement and the different forms of housing space rather than simply taking the stated floor space figures for granted.
URI: http://hdl.handle.net/10397/32747
ISSN: 0197-3975
EISSN: 1873-5428
DOI: 10.1016/j.habitatint.2007.11.004
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

8
Last Week
0
Last month
0
Citations as of Jul 28, 2017

WEB OF SCIENCETM
Citations

5
Last Week
0
Last month
0
Citations as of Aug 13, 2017

Page view(s)

47
Last Week
2
Last month
Checked on Aug 14, 2017

Google ScholarTM

Check

Altmetric



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.