Purpose – The paper examines the operation of the Land (compulsory sale for redevelopment) Ordinance, one of a series of urban renewal policy initiatives introduced by the Hong Kong Government. The new institutional arrangement was mooted as a means to facilitate greater private sector...

Purpose – To examine how the allocation of property rights in multiple‐ownership buildings in Hong Kong creates an environment in which the optimization of asset value may be difficult to achieve and in this situation how owners chose to overcome the associated problems of collective action...

In common with many other cities in the world, Hong Kong has a large number of older and less well‐maintained buildings which, for predominantly economic reasons, are still highly utilised by a variety of mixed and non‐compatible uses. In these circumstances, a comprehensive approach to...