Assessment of office market in Hong Kong decentralized district versus CBD

2004 ◽  
Vol 22 (2) ◽  
pp. 93-107 ◽  
Author(s):  
Eddie C.M. Hui ◽  
Raymond Y.C. Tse
Keyword(s):  
Hong Kong ◽  
Office Market

Modeling the Dynamics of the Hong Kong Office Market under Economic Structural Change

10.1068/b3198 ◽  
2005 ◽  
Vol 32 (1) ◽  
pp. 111-125 ◽  
Author(s):  
Winky K O Ho
Keyword(s):  
Hong Kong ◽  
Structural Change ◽  
Reduced Form ◽  
Adjustment Mechanism ◽  
Office Space ◽  
Office Market ◽  
Office Employment ◽  
Office Rent ◽  
The One ◽  
Shed Light

The author adopts reduced-form equilibrium models to investigate the relations among vacancy, employment, space consumption, and rent in the Hong Kong office market under economic structural change. The models are estimated with the aid of data from Hong Kong during the period 1980–2002—a total of twenty-three yearly observations. It is hoped that empirical results will shed light on the adjustment mechanism of the local office market. In line with the existing literature, the author shows that, on the one hand, office rent is positively related to office employment, but inversely related to office stock. On the other hand, the demand for office space is inversely related to rent, but positively related to office employment. Moreover, the elasticity of space consumption with respect to rent is estimated to be inelastic. Historical simulations of the model are performed, and it is suggested that the equations simulate reasonably well as indicated by Theil's inequality.

International Real Estate Review

2008 ◽  
Vol 11 (2) ◽  
pp. 47-74
Author(s):  
Charles Ka Yui Leung ◽  
◽  
Patrick Wai Yin Cheung ◽  
Erica Jiajia Ding ◽  
◽  
...  
Keyword(s):  
Hong Kong ◽  
Real Estate ◽  
Trading Volume ◽  
Future Research ◽  
Rental Market ◽  
Office Market ◽  
Trading Volumes

Previous studies of the office market have tended to focus on either the rental market or the aggregate sales market. This paper focuses on the intra-metropolitan sales market and on office price and trading volume dynamics in Hong Kong. According to our findings, buildings trading at higher prices are not necessarily traded more often than those trading at lower prices. In addition, the price of offices in different categories does not necessarily move in tandem. The trading volumes of higher priced buildings tend to Granger cause the lower priced buildings, and this conclusion is robust to alternative classifications. The paper contrasts several existing theories. Suggestions for future research are also discussed.

Verocytotoxin-producing Escherichia coli infection: The Hong Kong experience

1998 ◽  
Vol 13 (11-s4) ◽  
pp. S289-S293 ◽  
Author(s):  
SSY WONG ◽  
WC YAM ◽  
PHM LEUNG ◽  
PCY WOO ◽  
KY YUEN
Keyword(s):  
Escherichia Coli ◽  
Hong Kong ◽  
Escherichia Coli Infection
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