The Land Market in Hong Kong: Price Index and the Relationship with the Property Market

Journal of Real Estate Practice and Education, Forthcoming

14 Pages Posted: 21 Feb 2008 Last revised: 25 Oct 2009

See all articles by Helen X. H. Bao

Helen X. H. Bao

Department of Land Economy, University of Cambridge

Sherry Zhefang Zhou

City University of Hong Kong

Date Written: January 21, 2008

Abstract

This case is designed to illustrate the characteristics of a land market in a leasehold land ownership system using data from Hong Kong. It also provides a set of residential land transaction records for students to construct a land price index over a period of 23 years. Information on local property prices is also included to facilitate case discussions on the relationship between the land and property markets in Hong Kong.

Keywords: Hedonic price, leasehold, land ownership

Suggested Citation

Bao, Helen X. H. and Zhou, Sherry Zhefang, The Land Market in Hong Kong: Price Index and the Relationship with the Property Market (January 21, 2008). Journal of Real Estate Practice and Education, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1096203

Helen X. H. Bao (Contact Author)

Department of Land Economy, University of Cambridge ( email )

19 Silver Street
Cambridge, CB3 9EP
United Kingdom

Sherry Zhefang Zhou

City University of Hong Kong ( email )

83 Tat Chee Avenue
Kowloon
Hong Kong

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