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Full-Text Articles in Real Estate
Big Data Approach As An Institutional Innovation To Tackle Hong Kong’S Illegal Subdivided Unit Problem, Yung Yau, Elvis Wai Kin Lau
Big Data Approach As An Institutional Innovation To Tackle Hong Kong’S Illegal Subdivided Unit Problem, Yung Yau, Elvis Wai Kin Lau
Faculty of Design & Environment (THEi)
While applications of big data have been extensively studied, discussion is mostly made from the perspectives of computer science, Internet services, and informatics. Alternatively, this article takes the big data approach as an institutional innovation and uses the problem of illegal subdivided units (ISUs) in Hong Kong as a case study. High transaction costs incurred in identification of suspected ISUs and associated enforcement actions lead to a proliferation of ISUs in the city. We posit that the deployment of big data analytics can lower these transaction costs, enabling the government to tackle the problem of illegal accommodations. We propose a …
Office Rents, Mixed-Use Developments, And Agglomeration Economies: Apanel Data Analysis, Ervi Liusman, Daniel Chi Wing Ho, Hiu Ching Lo, Daniel Yet Fhang Lo
Office Rents, Mixed-Use Developments, And Agglomeration Economies: Apanel Data Analysis, Ervi Liusman, Daniel Chi Wing Ho, Hiu Ching Lo, Daniel Yet Fhang Lo
Faculty of Design & Environment (THEi)
The purpose of this paper is to investigate the relationship between office rents and mixed-use development in the context of agglomeration economies.
Repeated Planning Applications By Developers Under Statutory Zoning: A Hong Kong Case Study Of Delays And Design Improvements In Private Residential Development, Lawrence W.C. Lai, Daniel Chi Wing Ho, K.W. Chau, Mark H. Chua
Repeated Planning Applications By Developers Under Statutory Zoning: A Hong Kong Case Study Of Delays And Design Improvements In Private Residential Development, Lawrence W.C. Lai, Daniel Chi Wing Ho, K.W. Chau, Mark H. Chua
Faculty of Design & Environment (THEi)
Delays in obtaining development approvals have been advanced as a major reason for shortages if not also increase in cost of housing. This paper is the first systematic attempt to examine whether the apparently long period of time taken to obtaining statutory planning permissions by developers for major development projects under Comprehensive Development Area (CDA) zoning is due to Town Planning Board rejections or developers’ strategy to hoard land or improve building design. Publicly available Town Planning Board data obtained from the Planning Department, property transaction records kept by the Land Registry, property market statistics released by the Rating and …