scholarly journals Deciphering Property Development around High-Speed Railway Stations through Land Value Capture: Case Studies in Shenzhen and Hong Kong

2021 ◽  
Vol 13 (22) ◽  
pp. 12605
Author(s):  
Weihang Gong ◽  
Jing (Victor) Li ◽  
Mee Kam Ng
Keyword(s):  
Hong Kong ◽  
Public Transportation ◽  
High Speed ◽  
Resource Scarcity ◽  
Land Resource ◽  
Land Value ◽  
Property Development ◽  
High Speed Rail ◽  
Value Capture ◽  
Power Direction

Property development around transit stations has been viewed by many governments as a considerable way of financing public transportation. However, despite mounting evidence of the positive relationship between transport investment and proximate land value, the stakeholder relationship in enabling complex property–transit development has received relatively scarce attention. In this study, we analyze the railway financing strategies in two cities (Shenzhen and Hong Kong) connected by the first cross-border high-speed rail (HSR) network in China. Using a holistic power approach, this study presents power direction, power strength, and power mechanism as the critical factors for each case. The results reveal that different stakeholder relations arising from different social and institutional contexts have led to varying land value capture practices. The findings of this study contribute to sustainable railway financing in three phases: First, it unravels the relationship between railway financing and property development under the context of an intercity railway program, with the intervention of state power. Second, it sorts out critical elements in the implementation of the land value capture mechanism, especially institutional factors such as the role of the transit agency. Third, it directs a flexible development of the land value capture theory to cope with foreseeable problems such as land resource scarcity, institutional complexity, and interest divergence.

Hong Kong’s “Rail-plus-Property” Development

2019 ◽  
Author(s):  
Clément Musil
Keyword(s):  
Hong Kong ◽  
Local Governments ◽  
Original Model ◽  
Land Value ◽  
Property Development ◽  
Sustainable City ◽  
Value Capture ◽  
Transit Systems ◽  
Developing Cities ◽  
International Donors

Many Southeast Asian developing cities are facing traffic and pollution issues. In order to produce a more sustainable city, local governments often opt for developing modern public transit systems. Because of a lack of finance, developing cities are supported by international donors while also looking for self-sufficient financing approaches like land value capture mechanisms. The Hong Kong “Rail plus Property” (R+P) model is seen as a reference. This chapter stresses the advantages of such a model, points out the particularities that make this model very unique and argues that adjustments that have recently been made are distorting the original model. Hence, the R+P model appears not as evident and straightforward as its advocates would like it to be.

scholarly journals International Real Estate Review

2020 ◽  
Vol 23 (3) ◽  
pp. 367-395
Author(s):  
Helen X. H. Bao ◽  
◽  
Doris Ka Chuen Mok ◽  
Keyword(s):  
Hong Kong ◽  
High Speed ◽  
Hedonic Pricing ◽  
Policy Implications ◽  
Repeat Sales ◽  
Hedonic Price ◽  
High Speed Rail ◽  
Value Capture ◽  
Property Prices ◽  
East West

This study examines the impacts of the Guangzhou-Shenzhen-Hong Kong Express Rail Link on the residential property prices in West Kowloon, in which the terminus and only station of the Hong Kong section of the high-speed rail link is located. The express rail is characterised as being a link between Hong Kong and her motherland, China, which is a major source of buyers of property in Hong Kong. We investigate if there is an east-west connection premium introduced by the project by examining the spatial and temporal changes of property prices in the affected areas. Based on a sample of 282,131 transactions, this study uses the hedonic pricing and repeat sales models to examine whether property prices in West Kowloon have increased because of the development of the high-speed rail which signifies a link between Hong Kong and China and whether they have dropped because of the 2019 political movements which emphasize a decoupling. We find significant and consistent evidence to support these hypotheses from both the hedonic price and repeat sales models. The accessibility premium has been capitalised into property prices since the announcement of the project, and the size of the premium is the largest during the announcement period. However, the east-west connection premium is significantly offset by the recent events of political unrest, with properties that are located nearest the West Kowloon Station being the most affected. We derive policy implications regarding practical implications for the design and implementation of land value capture schemes and urban planning.

scholarly journals Association of High-Speed Rail and Tuberculosis Transmission in Newly Integrated Regions: Quasi-Experimental Evidence from China

2021 ◽  
Vol 66 ◽  
Author(s):  
Yahong Liu ◽  
Chengxiang Tang ◽  
Tao Bu ◽  
Daisheng Tang
Keyword(s):  
Public Transportation ◽  
High Speed ◽  
Demographic Data ◽  
Sichuan Province ◽  
Newly Diagnosed ◽  
Additional Increase ◽  
High Speed Rail ◽  
Tuberculosis Transmission ◽  
Quasi Experimental ◽  
The Impact

Objectives: The spread of tuberculosis (TB) is related to changes in the social network among the population and people’s social interactions. High-speed railway (HSR) fundamentally changed the integrated market across cities in China. This paper aims to examine the impact of HSR on TB transmission in newly integrated areas.Methods: By exploiting the opening and operation of the first HSR in Sichuan province as a quasi-natural experiment, we have collected and used the economic, social, and demographic data of 183 counties in Sichuan province from 2013 to 2016.Results: The new HSR line is associated with a 4.790 increase in newly diagnosed smear-positive TB cases per 100,000 people among newly integrated areas. On average, an additional increase of 34.178 newly diagnosed smear-positive TB cases occur every year in counties (or districts) covered by the new HSR.Conclusion: HSR development has significantly contributed to the transmission of TB. The public health system in China needs to pay more attention to the influences of new, mass public transportation.

Transportation in the City

Global Cities ◽  
2017 ◽  
Author(s):  
Robert Gottlieb ◽  
Simon Ng
Keyword(s):  
Land Use ◽  
Hong Kong ◽  
Los Angeles ◽  
High Speed ◽  
Transportation Systems ◽  
Real Estate Development ◽  
High Speed Rail ◽  
Car Use ◽  
The City ◽  
China’S Cities

This chapter describes and analyzes how Los Angeles became an auto-dominant region, how Hong Kong built a much admired rail passenger system, and how China, in rapid fire succession, witnessed a massive increase in car use and metro development. It identifies the air quality, land use, and mobility shifts associated with these changing transportation systems. It describes how Los Angeles seeks to lessen its car dependence with its new push for rail and increased bike use and walkability strategies; how Hong Kong struggles with congestion due to increased car ownership and car use while still relying on the link between its metro and rail system and concentrated real estate development near metro stops; and how China’s cities, such as Shenzhen, race ahead with new metro and high speed rail development while confronting the environmental problems and challenges related to its enormous growth in car use and the erosion of its Bicycle Kingdom reputation.

scholarly journals A Study of the Anatomy of Decision Making in the Planning and Appraisal of Hong Kong Section of Guangzhou-Shenzhen-Hong Kong High Speed Rail

2021 ◽  
Vol 5 (3) ◽  
Author(s):  
Junyou Liu
Keyword(s):  
Decision Making ◽  
Hong Kong ◽  
Context Awareness ◽  
Stakeholder Engagement ◽  
High Speed ◽  
High Speed Rail ◽  
Iron Triangle ◽  
Resonance Test ◽  
Infrastructure Project ◽  
Agent Of Change

This paper will study the anatomy of the decision making of Hong Kong Section of Guangzhou-Shenzhen-Hong Kong High Speed Rail (XRL). The paper will focus on five aspects. They are drivers of megaprojects, mega infrastructure project as an agent of change, early and effective stakeholder engagement, Iron Triangle and context awareness. XRL will be regarded as a resonance test of the international literature findings.

The post-urban gaze and Hong Kong independent cinema: An ecofeminist perspective

Asian Cinema ◽  
2019 ◽  
Vol 30 (2) ◽  
pp. 219-234 ◽  
Author(s):  
Winnie L. M. Yee
Keyword(s):  
Hong Kong ◽  
High Speed ◽  
High Speed Rail ◽  
Independent Cinema ◽  
Fishing Villages ◽  
Urban City ◽  
Cultural Imaginary ◽  
The Social ◽  
Hong Kong Cinema ◽  
The Village

The city has always been a prominent subject in Hong Kong cinema. Land has been seen only as a profitable commodity, controlled by property developers and the wealthy. Instead of exploring the countryside and the traditional farming and fishing villages, people shifted their focus to Hong Kong: its skyline became the only valid point of perception. This marginalization of nature, however, was challenged in 2008 during the dispute between the villagers of Choi Yuen village and the Hong Kong government regarding the construction of Guangzhou‐Hong Kong High-Speed Rail Link, which would demolish the village of 500 people that lay along its path. This article looks at Jessey Tsang’s documentary Flowing Stories (2014) and adopts an ecofeminist perspective on the ways in which Hong Kong’s cultural imaginary has been reinvented in films. The role of documentaries in the independent film scene will be reviewed, especially the social-issue documentaries that have become popular since 2008. An ecofeminist approach to our understanding of Hong Kong could shift the paradigm of our stagnant cultural imaginary ‐ the urban city ‐ and resituate Hong Kong in a closer connection with its surroundings and the world.

How does high-speed rail affect land value? Evidence from China

2021 ◽  
Vol 101 ◽  
pp. 105068
Author(s):  
Zhonghua Huang ◽  
Xuejun Du
Keyword(s):  
High Speed ◽  
Land Value ◽  
High Speed Rail
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