The credibility thesis premises that an institution's endogenous credibility and function, rather than its form, ensures its persistence. Informal rental housing (IRH), an informal housing institution in China, was suggested to serve as a dwelling for low-income residents in previous research on...

The credibility thesis premises that an institution's endogenous credibility and function, rather than its form, ensures its persistence. Informal rental housing (IRH), an informal housing institution in China, was suggested to serve as a dwelling for low-income residents in previous research on...

Acquisition of land is the prerequisite of housing development. However, land and houses are traded in two separate markets, with the former being traded by developers and the later by end-users or investors either in the primary or secondary markets. Further to the findings of a previous...

Urban decay is an inevitable result of the growth of every city, and Hong Kong is not an exception. Many buildings were found to be in dilapidation, and there is an urgency to tackle urban decay in the city. Redeveloping dilapidated buildings has long been regarded as an effective solution to...

Coupled with the high ages of the private buildings, the lack of proper building care culture has led to serious problems of building dilapidation and urban decay in Hong Kong, particularly in old urban areas. Not only is the cityscape ruined, but also are the health and safety of the residents...