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...

This paper interprets and develops contemporary notions of partnership in relation to Hong Kong's Land Development Corporation. It demonstrates how such agencies are likely to become overdependent on their private-sector partners or ineffective in policy delivery, unless endowed with adequate...

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...

A note written in response to: Seymour D. and Rooke, J. (1995). The culture of the industry and the culture research. Construction Management and Economics 13, 511-523.

Outsourcing of corporate real estate management is a long-established practice in the United States and, to a lesser extent, in Europe, Asia and Australia. While the imperatives for outsourcing have been widely studied, there has been little research into the nature of the working relationship...

Risk and uncertainty are part of the everyday operating environment for all organisations. Occasionally the risks may be sufficient to generate a crisis which, if left unattended, can become a disaster. The key person in an organisation who is often charged with the responsibility of recovering...

Hong Kong uses a common law ownership system for property held in multiple ownership. Many problems have arisen with the process of managing high rise multiple ownership property resulting in dilapidated, unsafe buildings. The Government is considering changing the ownership method to a...

Hong Kong is a wealthy part of China, home to some of the tallest buildings, on some of the most expensive real estate in the world. Yet the living and working conditions of its residents are a cause for concern following a spate of fires and falling debris from poorly maintained blocks of...