Purpose – The purpose of this paper is to explore the long‐run relation and short‐run dynamic correlations between consumption expenditure and household wealth, namely housing wealth and stock wealth. Design/methodology/approach – This paper adopts aggregate time‐series data over the...

Office decentralization has been developing rapidly in Hong Kong since the early 1980s. Office tenants relocated their businesses to the Decentralized District (DD) with the benefits of lower rent, higher flexibility of space use and better supporting facilities. This study examines office...

Purpose – The objective of this paper is to demonstrate that the Pygmalion hypothesis is supported in the housing market and the hypothesis that investors are, all too frequently, unrealistically over‐optimistic cannot be rejected. Design/methodology/approach – The methodology in the paper...

Purpose – The purpose of this paper is to examine the progress of rehabilitation and redevelopment and review the effectiveness of the Land (Compulsory Sale for Redevelopment) Ordinance (LCSRO) (Cap. 545) and proposals that influence the urban renewal process in Hong Kong....

Purpose – The purpose of this paper is to examine the behavior of buyers and sellers in making housing decision and analyses the mechanisms of the seller‐buyer interaction affecting house sale prices. Design/methodology/approach – The research methodology relies on a cross‐sectional...

Purpose – This paper aims to test the short‐ and long‐run interrelationships between Hong Kong's residential property market and stock market, as well as market fundamentals and China‐related factors, between 1990 and 2006. Design/methodology/approach – The authors observed changes in...