On the competitive land market: Evidence from Hong Kong

R. Y.C. Tse, Chi Man Hui, C. H.K. Chan

Research output: Journal article publicationJournal articleAcademic researchpeer-review

8 Citations (Scopus)


This paper examines both theory and empirical evidence on the relationship between market concentration and profitability in Hong Kong's land market. Such a relationship has been the subject of substantial debate among academics and practitioners. The study highlights several distinctive characteristics of property development in Hong Kong, and particularly various competitive strategies. In Hong Kong, land can be acquired through public auction, redevelopment and lease modifications. Thus, those developers without a sufficient land bank tend to be very aggressive in land auction. However, in the land auction market, competition is keen and the land acquired expensive. This study found that the leading property developers do not take the largest share in the land auction market. We argue that the developers tend to locate themselves in a suitable market position or strategic domain, within which they sustain competitiveness by increasing their market share. We also found that the property developers undertaking a relatively high proportion of large-scale projects tend to have a higher-proportion of profits from such projects.
Original languageEnglish
Pages (from-to)60-61
Number of pages2
JournalReview of Urban and Regional Development Studies
Issue number1
Publication statusPublished - 11 Apr 2001

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development


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