Factors associated with the recovery of housing prices in Hong Kong

dc.contributor.affiliationUnitec Institute of Technologyen_NZ
dc.contributor.affiliationCity University of Hong Kongen_NZ
dc.contributor.authorGe, X .J.
dc.contributor.authorPoon, K. M.
dc.contributor.authorBoon, John
dc.date.accessioned2011-11-03T01:51:09Z
dc.date.available2011-11-03T01:51:09Z
dc.date.issued2006-01-01
dc.description.abstractIn the period 1999 – 2004 housing prices in Hong Kong sunk to a low point in mid 2003 and then rose again. This paper investigates which factors are associated with those price movements. The paper starts by reviewing literature on housing prices including both price determinants and research methodology. Data published by the Hong Kong Government is used for the study. The housing price variables are grouped together as macro economic factors, demographic factors, housing related factors and housing supply factors. The 2-Stage Least Square (2SLS) Method of regression analysis is used in order to reduce the bi-direction effects between dependent and independent variables. Results show that economic conditions are the most important external influencers of housing prices. The model developed can be used to predict the trend of housing prices.en_NZ
dc.identifier.bibliographicCitationGe, X., Poon, K., & Boon, J. (2006). Factors associated with the recovery of housing prices in Hong Kong. In Proceedings of the 12th Annual Conference of the Pacific Rim Real Estate Society. Available from http://www.prres.net/Conference/2006conference.htmen_NZ
dc.identifier.urihttps://hdl.handle.net/10652/1714
dc.language.isoenen_NZ
dc.publisherPacific Rim Real Estate Societyen_NZ
dc.relation.urihttp://www.prres.net/papers/Ge_Factors_R_E_Recovery_in_Hong_Kong.pdfen_NZ
dc.rightsAll rights reserveden_NZ
dc.rights.holderX.J. Ge, K.M. Poon and John Boonen_NZ
dc.subjecthousing pricesen_NZ
dc.subjectmultiple regression modelsen_NZ
dc.subject2-stage least squareen_NZ
dc.subjectHong Kong (China)en_NZ
dc.subject.marsden120503 Housing Markets, Development, Managementen_NZ
dc.titleFactors associated with the recovery of housing prices in Hong Kongen_NZ
dc.typeConference Contribution - Paper in Published Proceedingsen_NZ
unitec.conference.edate2006-01-25
unitec.conference.locationAucklanden_NZ
unitec.conference.orgPacific Rim Real Estate Societyen_NZ
unitec.conference.sdate2006-01-22
unitec.conference.title12th Annual Conference of the Pacific Rim Real Estate Societyen_NZ
unitec.institutionUnitec Institute of Technologyen_NZ
unitec.institutionCity University of Hong Kongen_NZ
unitec.institution.studyareaConstruction + Engineering
unitec.peerreviewedyesen_NZ
unitec.publication.titleProceedings of the 12th Annual Conference of the Pacific Rim Real Estate Societyen_NZ
Files
Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Boon - Factors_R_E_Recovery_in_Hong_Kong.pdf
Size:
56.44 KB
Format:
Adobe Portable Document Format
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.75 KB
Format:
Item-specific license agreed upon to submission
Description: