by Vera Hau Tsz Lai. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 227-236). / ABSTRACT --- p.i-ii / ACKNOWLEDGEMENTS --- p.iii-iv / TABLE OF CONTENTS --- p.v-ix / LIST OF FIGURES --- p.x / LIST OF PLATES --- p.xi-xiii / LIST OF TABLES --- p.xiv-xvi / Chapter CHAPTER I --- INTRODUCTION --- p.1 / Chapter 1.1 --- Problem Statement --- p.1 / Chapter 1.2 --- Role of GIS in Housing Price Study --- p.3 / Chapter 1.3 --- Research Objectives --- p.4 / Chapter 1.4 --- Significance --- p.5 / Chapter 1.5 --- Methodologies --- p.6 / Chapter 1.6 --- Organization of Thesis --- p.7 / Chapter CHAPTER II --- LITERATURE REVIEW --- p.9 / Chapter 2.1 --- Introduction --- p.9 / Chapter 2.2 --- Geography of Housing --- p.10 / Chapter 2.3 --- Housing as a Research Question --- p.11 / Chapter 2.4 --- Housing Services and Housing Price --- p.12 / Chapter 2.5 --- Property Price Valuation --- p.14 / Chapter 2.6 --- Hedonic Price Function --- p.15 / Chapter 2.6.1 --- Dependent Variable - Property Price --- p.16 / Chapter 2.6.2 --- Independent Variables Affecting Housing Price --- p.17 / Chapter 2.6.2.1 --- Aspatial Factors --- p.17 / Chapter 2.6.2.2 --- Spatial Factors --- p.18 / Chapter 2.6.2.3 --- Evaluation on Importance of Parameters --- p.26 / Chapter 2.7 --- Functional Form of Hedonic Price Models --- p.33 / Chapter 2.7.1 --- Conventional Specifications --- p.34 / Chapter 2.7.2 --- Box-Cox Transformation --- p.34 / Chapter 2.7.3 --- Conventional Specifications versus Box-Cox Transformation --- p.35 / Chapter 2.8 --- Submarket Analysis and its Delineation --- p.36 / Chapter 2.9 --- Geographic Information Systems --- p.39 / Chapter 2.10 --- GIS in Real Estate --- p.39 / Chapter 2.11 --- Present Adoption of GIS in Real Estate --- p.42 / Chapter 2.11.1 --- Commercial Applications --- p.42 / Chapter 2.11.2 --- Research-wise Applications --- p.43 / Chapter 2.12 --- Hedonic Price Study with GIS --- p.43 / Chapter 2.13 --- Conclusion --- p.45 / Chapter CHAPTER III --- THE STUDY AREA AND RESEARCH METHODOLOGY --- p.47 / Chapter 3.1 --- Introduction --- p.47 / Chapter 3.2 --- Real Estate Sector in Hong Kong --- p.47 / Chapter 3.2.1 --- Importance to Local Economy --- p.48 / Chapter 3.2.2 --- Importance to Housing Production --- p.48 / Chapter 3.3 --- Urban Development and Housing in Hong Kong --- p.51 / Chapter 3.3.1 --- Land Availability and Landuses --- p.51 / Chapter 3.3.2 --- Housing and Urban Development --- p.54 / Chapter 3.3.2.1 --- Early Period of Industrialization --- p.54 / Chapter 3.3.2.2 --- Phase of Economic Restructuring --- p.55 / Chapter 3.3.3 --- Urban Renewal --- p.55 / Chapter 3.3.4 --- Comprehensive Housing Projects --- p.56 / Chapter 3.4 --- New Town Housing - Public or Private-Led --- p.57 / Chapter 3.5 --- Hedonic Price of Private Dormitory in Hong Kong --- p.61 / Chapter 3.5.1 --- Temporal Change in Property Price --- p.62 / Chapter 3.5.2 --- Spatial Variation of Property Price --- p.66 / Chapter 3.6 --- The Research --- p.68 / Chapter 3.6.1 --- Cartographic Analysis --- p.68 / Chapter 3.6.2 --- Hedonic Price Model --- p.69 / Chapter 3.6.3 --- Dependent Variable --- p.69 / Chapter 3.6.4 --- Independent Variables --- p.70 / Chapter 3.6.5 --- Chosen Functional Form in this Research --- p.72 / Chapter 3.6.6 --- Submarket Analysis in Hong Kong --- p.72 / Chapter 3.7 --- Conclusion --- p.72 / Chapter CHAPTER IV --- DATABASE CONSTRUCTIONS --- p.74 / Chapter 4.1 --- Introduction --- p.74 / Chapter 4.2 --- Data Collection --- p.74 / Chapter 4.2.1 --- Base Maps --- p.75 / Chapter 4.2.2 --- Housing Stock and its Attributes --- p.76 / Chapter 4.2.3 --- Official Statistics --- p.76 / Chapter 4.2.4 --- School Quality --- p.77 / Chapter 4.3 --- Data Input --- p.78 / Chapter 4.3.1 --- Graphical Input --- p.78 / Chapter 4.3.1.1 --- Base Maps --- p.78 / Chapter 4.3.1.2 --- Line Data --- p.78 / Chapter 4.3.1.3 --- Point/Polygon Data --- p.79 / Chapter 4.3.2 --- Attribute Data Input --- p.82 / Chapter 4.4 --- Data Editing and Conversions --- p.82 / Chapter 4.4.1 --- Graphical Input --- p.82 / Chapter 4.4.1.1 --- Standard Coverage Editing Procedures --- p.82 / Chapter 4.4.1.2 --- Specific Coverage Editing Procedures --- p.83 / Chapter 4.4.2 --- Attribute Data --- p.84 / Chapter 4.4.2.1 --- Housing Attributes --- p.84 / Chapter 4.4.2.2 --- Landuse Mix --- p.88 / Chapter 4.4.2.3 --- Socioeconomic Status --- p.91 / Chapter 4.4.2.4 --- Employment Figures --- p.91 / Chapter 4.5 --- Data Pre-processing and Manipulation --- p.93 / Chapter 4.5.1 --- Employment Potentials --- p.93 / Chapter 4.5.2 --- Socioeconomic Variables --- p.96 / Chapter 4.5.2.1 --- Interpretation --- p.97 / Chapter 4.5.3 --- School Quality --- p.107 / Chapter 4.5.4 --- Proximity Measurements --- p.110 / Chapter 4.5.5 --- Final Step of Association : Overlay Operations --- p.110 / Chapter 4.6 --- Conclusion --- p.112 / Chapter CHAPTER V --- CARTOGRAPHIC ANALYSIS --- p.114 / Chapter 5.1 --- Introduction --- p.114 / Chapter 5.2 --- Representation of Data --- p.114 / Chapter 5.2.1 --- Location of Premises --- p.114 / Chapter 5.2.2 --- Proximity --- p.118 / Chapter 5.2.3 --- School Quality --- p.118 / Chapter 5.2.4 --- Landuse Mix --- p.129 / Chapter 5.2.5 --- Employment --- p.132 / Chapter 5.2.6 --- Property Price --- p.137 / Chapter 5.3 --- Results and Discussions --- p.137 / Chapter 5.3.1 --- Temporal Variation on Housing Supply --- p.143 / Chapter 5.3.2 --- Temporal Variation on Floor Size --- p.145 / Chapter 5.3.3 --- Temporal Variation on Property Price --- p.148 / Chapter 5.4 --- Locational Variations --- p.150 / Chapter 5.4.1 --- Shift towards the New Towns --- p.150 / Chapter 5.4.2 --- Relative Importance among Districts in New Towns --- p.154 / Chapter 5.4.3 --- Pattern of Development --- p.158 / Chapter 5.4.3.1 --- Urban Core --- p.158 / Chapter 5.4.3.2 --- New Towns --- p.161 / Chapter 5.5 --- Spatial Variations on Floor Size --- p.171 / Chapter 5.6 --- Spatial Variations on Property Price --- p.176 / Chapter 5.7 --- Conclusion --- p.181 / Chapter CHAPTER VI --- STATISTICAL ANALYSIS --- p.183 / Chapter 6.1 --- Introduction --- p.183 / Chapter 6.2 --- The Data Set --- p.183 / Chapter 6.3 --- Stepwise Regression Modeling --- p.184 / Chapter 6.4 --- Correlation among Variables --- p.184 / Chapter 6.5 --- Validation of the Models --- p.186 / Chapter 6.6 --- Findings --- p.193 / Chapter 6.6.1 --- Pooled Market Results --- p.193 / Chapter 6.6.2 --- Submarket Level Analyses --- p.198 / Chapter 6.6.2.1 --- "Small-Sized, Low-Priced Flats " --- p.200 / Chapter 6.6.2.2 --- "Small-Sized, High-Priced Flats " --- p.203 / Chapter 6.6.2.3 --- "Medium-Sized, Low-Priced Flats " --- p.206 / Chapter 6.6.2.4 --- "Medium-Sized, High-Priced Flats " --- p.210 / Chapter 6.6.2.5 --- "Large-Sized, High-Priced Flats " --- p.213 / Chapter 6.7 --- Conclusion --- p.213 / Chapter CHAPTER VII --- CONCLUSION --- p.217 / Chapter 7.1 --- Summary of Findings --- p.217 / Chapter 7.1.1 --- Summary on Housing Development in Hong Kong…… --- p.217 / Chapter 7.1.2 --- Summary from Hedonic Price Models --- p.220 / Chapter 7.1.3 --- Significance of GIS --- p.222 / Chapter 7.2 --- Limitations and Recommendations --- p.222 / Chapter 7.3 --- Direction of Future Research --- p.226 / BIBLIOGRAPHY --- p.227 / APPENDICES --- p.237 / APPENDIX 1 --- p.238 / District Map of Hong Kong --- p.239 / APPENDIX II --- p.240 / List of Districts and its Components --- p.241 / APPENDIX III --- p.243 / Tertiary Planning Units (TPUs) - District Conversion List --- p.244