Lau, Wai Chun. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2008. / Includes bibliographical references (leaves 78-79). / Abstracts in English and Chinese. / Abstract --- p.ii / 摘要 --- p.iii / Acknowledgments --- p.iv / Table of Contents --- p.v / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Background --- p.4 / Chapter 2.1 --- Overview of Land Policies in Hong Kong --- p.4 / Land Policies and Private Housing Market --- p.4 / Current Application List System --- p.6 / Chapter 2.2. --- Hypotheses on the Interaction of Housing Prices and Land Sales --- p.6 / Demand-Supply Analysis --- p.6 / Revaluation Hypothesis --- p.8 / Chapter 3. --- Literature Review --- p.11 / Chapter 3.1. --- Relevant Literature about Interaction of Land and Housing Prices --- p.11 / Peng and Wheaton (1994) --- p.11 / Tse(1998) --- p.13 / Ho and Ganesam (1998) --- p.14 / Chapter 3.2. --- Hedonic Approach in the Studies of Hong Kong Real Estate Market --- p.16 / Chapter 4. --- Data Sources and Descriptions --- p.18 / Chapter 4.1 --- Land Sale Data --- p.18 / Chapter 4.2. --- Housing Transaction Data --- p.21 / Chapter 5. --- Methodology --- p.26 / Chapter 5.1 --- Model Specification --- p.26 / Chapter 5.2. --- Hypothesis Testing --- p.27 / Chapter 5.3. --- Functional Form and Estimation Method --- p.30 / Chapter 6. --- Empirical Results --- p.31 / Chapter 6.1. --- Hedonic Mode! Results --- p.31 / Chapter 6.2. --- Discussion on Pre-sale and Post-sale Housing Prices --- p.33 / Chapter 6.3. --- Robustness Checking --- p.36 / Variations in Specification --- p.36 / Time Variable Control --- p.38 / Estimation with Restricted samples --- p.40 / Chapter 7. --- Conclusions --- p.42 / Table 1 Selected Land Auction Records (1994 - 2005) --- p.45 / Table 2 List of Estates Covered in the Study --- p.49 / Table 3a Sampling Period and Number of Observations in Each Case Study --- p.54 / Table 3b Descriptive Statistics of Independent Variables in the Estimation of Model 1 --- p.56 / Table 4 Definition of Independent Variables in Model 1 --- p.60 / Table 5 OLS Estimates of Model 1 with Full Samples --- p.61 / Table 6 Goodness-of-Fit of Model 1 --- p.65 / Table 7 Coefficients of Dummy Variables in Model 1 --- p.66 / Table 8 Estimated Price Change from Model 1 --- p.70 / Table 9a Price Differences and Auction Results (All Cases) --- p.72 / Table 9b Price Differences and Auction Results (Cases with price differences at 10% significance level) --- p.72 / Table 10 Estimated Price Differences by Varying Model Specification and Sample Selection --- p.73 / Figure 1 Private Housing Prices and New Construction Units (1992 ~ 2005) --- p.76 / Figure 2 Mass CCI (1994 ~2006) --- p.77 / References --- p.78
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_326350 |
| Date | January 2008 |
| Contributors | Lau, Wai Chun., Chinese University of Hong Kong Graduate School. Division of Economics. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English, Chinese |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, vi, 79 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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