File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1080/0042098042000309720
- Scopus: eid_2-s2.0-13644264975
- WOS: WOS:000226803900006
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: The effects of expected transport improvements on housing prices
Title | The effects of expected transport improvements on housing prices |
---|---|
Authors | |
Issue Date | 2005 |
Publisher | Sage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/ |
Citation | Urban Studies, 2005, v. 42 n. 1, p. 113-125 How to Cite? |
Abstract | Improvements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits offered by a new tunnel before its completion. The results showed that there were positive price expectation effects well before the completion of the tunnel. The expectation effects allow the government to finance infrastructure projects by selling land in the affected districts in advance. © 2005 The Editors of Urban Studies. |
Persistent Identifier | http://hdl.handle.net/10722/168719 |
ISSN | 2023 Impact Factor: 4.2 2023 SCImago Journal Rankings: 1.806 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Yiu, CY | en_HK |
dc.contributor.author | Wong, SK | en_HK |
dc.date.accessioned | 2012-10-08T03:31:46Z | - |
dc.date.available | 2012-10-08T03:31:46Z | - |
dc.date.issued | 2005 | en_HK |
dc.identifier.citation | Urban Studies, 2005, v. 42 n. 1, p. 113-125 | en_HK |
dc.identifier.issn | 0042-0980 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/168719 | - |
dc.description.abstract | Improvements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits offered by a new tunnel before its completion. The results showed that there were positive price expectation effects well before the completion of the tunnel. The expectation effects allow the government to finance infrastructure projects by selling land in the affected districts in advance. © 2005 The Editors of Urban Studies. | en_HK |
dc.language | eng | en_US |
dc.publisher | Sage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/ | en_HK |
dc.relation.ispartof | Urban Studies | en_HK |
dc.title | The effects of expected transport improvements on housing prices | en_HK |
dc.type | Article | en_HK |
dc.identifier.email | Yiu, CY: ecyyiu@hkucc.hku.hk | en_HK |
dc.identifier.email | Wong, SK: kelvin.wong@hku.hk | en_HK |
dc.identifier.authority | Yiu, CY=rp01035 | en_HK |
dc.identifier.authority | Wong, SK=rp01028 | en_HK |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1080/0042098042000309720 | en_HK |
dc.identifier.scopus | eid_2-s2.0-13644264975 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-13644264975&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 42 | en_HK |
dc.identifier.issue | 1 | en_HK |
dc.identifier.spage | 113 | en_HK |
dc.identifier.epage | 125 | en_HK |
dc.identifier.isi | WOS:000226803900006 | - |
dc.publisher.place | United Kingdom | en_HK |
dc.identifier.scopusauthorid | Yiu, CY=9248825800 | en_HK |
dc.identifier.scopusauthorid | Wong, SK=7404591021 | en_HK |
dc.identifier.issnl | 0042-0980 | - |