Determinants of housing consumption and residential crowding in Hong Kong

Jayantha Wadu Mesthrige, Chi Man Hui

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

The goal of this paper is to examine the dynamics of housing consumption and residential crowding in Hong Kong over the last two and half decades. The study introduces a new factor, land supply to the model of housing consumption and residential crowding along with other standard variables. Empirical results provide strong evidence that the introduced new factor, land supply, exert significant influence on housing consumption and crowding. Findings suggest that current land supply policy should be changed aggressively, away from the current 'high land price' policy towards comprehensive developments in outer urban areas in order to improve housing consumption for all strata of the population. It is still clear, however, that market factors are also playing a significant role in shaping housing consumption. This study adds knowledge to previous works as it analyzes changing nature of dynamics of residential crowding and underlying causes of housing consumption and crowding over the years rather than in a particular point in time. And this is the first of its kind in Hong Kong.
Original languageEnglish
Title of host publicationProceedings
Subtitle of host publicationCESB 2010 Prague - Central Europe towards Sustainable Building 'From Theory to Practice'
PublisherCzech Technical University
Pages1-7
Number of pages7
ISBN (Print)9788024736242
Publication statusPublished - 1 Jan 2010
EventCESB 2010 Prague - Central Europe towards Sustainable Building 'From Theory to Practice' - Prague, Czech Republic
Duration: 30 Jun 20102 Jul 2010

Conference

ConferenceCESB 2010 Prague - Central Europe towards Sustainable Building 'From Theory to Practice'
CountryCzech Republic
CityPrague
Period30/06/102/07/10

Keywords

  • Hong kong
  • Housing consumption
  • Residential crowding

ASJC Scopus subject areas

  • Building and Construction

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