A study of sub-divided units (SDUs) in Hong Kong rental market

Yaoxuan HUANG

doi:10.1016/j.habitatint.2017.02.008

A study of sub-divided units (SDUs) in Hong Kong rental market

Yaoxuan HUANG

Research output: Journal Publications › Journal Article (refereed) › peer-review

28 Citations (Scopus)

Abstract

This paper is the first study to investigate the impacts of housing attributes and environmental variables on housing rental price and the-time-on- market (TOM) of sub-divided units (SDUs) in Hong Kong via statistical method. A two stage least square (2SLS) method is introduced in this paper to solve the simultaneous problem of housing rental price and TOM, which overcomes the shortcoming of estimation bias in previous studies. The findings suggest that the size of the SDUs, distance to MTR stations, vicinity to primary school, accessibility to community facilities and park are the major concerns for tenants living in SDUs. These significant results provide valuable information to the urban planners and public housing committee of Hong Kong for a better development of the public housing in the near future.

Original language	English
Pages (from-to)	43-50
Number of pages	8
Journal	Habitat International
Volume	62
Early online date	3 Mar 2017
DOIs	https://doi.org/10.1016/j.habitatint.2017.02.008
Publication status	Published - Apr 2017
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 4 Quality Education
SDG 10 Reduced Inequalities
SDG 11 Sustainable Cities and Communities

Keywords

Hong Kong
Housing market
Housing rental price
Sub-divided units (SDUs)
Time-on-the-market(TOM)
Two stage least square (2SLS)

Access to Document

10.1016/j.habitatint.2017.02.008

Cite this

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title = "A study of sub-divided units (SDUs) in Hong Kong rental market",

abstract = "This paper is the first study to investigate the impacts of housing attributes and environmental variables on housing rental price and the-time-on- market (TOM) of sub-divided units (SDUs) in Hong Kong via statistical method. A two stage least square (2SLS) method is introduced in this paper to solve the simultaneous problem of housing rental price and TOM, which overcomes the shortcoming of estimation bias in previous studies. The findings suggest that the size of the SDUs, distance to MTR stations, vicinity to primary school, accessibility to community facilities and park are the major concerns for tenants living in SDUs. These significant results provide valuable information to the urban planners and public housing committee of Hong Kong for a better development of the public housing in the near future.",

keywords = "Hong Kong, Housing market, Housing rental price, Sub-divided units (SDUs), Time-on-the-market(TOM), Two stage least square (2SLS)",

author = "Yaoxuan HUANG",

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year = "2017",

month = apr,

doi = "10.1016/j.habitatint.2017.02.008",

language = "English",

volume = "62",

pages = "43--50",

journal = "Habitat International",

issn = "0197-3975",

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T1 - A study of sub-divided units (SDUs) in Hong Kong rental market

AU - HUANG, Yaoxuan

PY - 2017/4

Y1 - 2017/4

N2 - This paper is the first study to investigate the impacts of housing attributes and environmental variables on housing rental price and the-time-on- market (TOM) of sub-divided units (SDUs) in Hong Kong via statistical method. A two stage least square (2SLS) method is introduced in this paper to solve the simultaneous problem of housing rental price and TOM, which overcomes the shortcoming of estimation bias in previous studies. The findings suggest that the size of the SDUs, distance to MTR stations, vicinity to primary school, accessibility to community facilities and park are the major concerns for tenants living in SDUs. These significant results provide valuable information to the urban planners and public housing committee of Hong Kong for a better development of the public housing in the near future.

AB - This paper is the first study to investigate the impacts of housing attributes and environmental variables on housing rental price and the-time-on- market (TOM) of sub-divided units (SDUs) in Hong Kong via statistical method. A two stage least square (2SLS) method is introduced in this paper to solve the simultaneous problem of housing rental price and TOM, which overcomes the shortcoming of estimation bias in previous studies. The findings suggest that the size of the SDUs, distance to MTR stations, vicinity to primary school, accessibility to community facilities and park are the major concerns for tenants living in SDUs. These significant results provide valuable information to the urban planners and public housing committee of Hong Kong for a better development of the public housing in the near future.

KW - Hong Kong

KW - Housing market

KW - Housing rental price

KW - Sub-divided units (SDUs)

KW - Time-on-the-market(TOM)

KW - Two stage least square (2SLS)

UR - https://www.scopus.com/pages/publications/85014387718

U2 - 10.1016/j.habitatint.2017.02.008

DO - 10.1016/j.habitatint.2017.02.008

M3 - Journal Article (refereed)

AN - SCOPUS:85014387718

SN - 0197-3975

VL - 62

SP - 43

EP - 50

JO - Habitat International

JF - Habitat International

ER -

A study of sub-divided units (SDUs) in Hong Kong rental market

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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