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
Date Written: January 21, 2008
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
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