Journal of Urban Planning and Development

The objective of this research is to investigate whether a relationship exists between development conditions in government land leases and housing supply and to what extent these development conditions affect Hong Kong’s supply of private residential apartments. The Hong Kong government conducts regular studies on local housing demand, such as its 1996 study of housing demand model and study on housing demand. Thus, this paper will focus mainly on examining the supply side of private housing in Hong Kong by giving an overview of Hong Kong’s housing supply situation and, in order to understand Hong Kong’s land tenure system, a brief background review of the establishment of Hong Kong’s leasehold tenure system, as well as a global synopsis of the literature relating to the effects of the leasehold land tenure system, governmental land regulation, development/land use control, and restricted land supply on the housing market. A sample of leases will be randomly chosen to perform an in-depth analysis of the lease conditions to determine commonly specified development conditions in government leases.

The aim of this study was to analyze shopping center (SC) location distribution for a small city with respect to its environmental impact and retail supply quality. In order to evaluate the retail supply quality for each household and the environment impact of each shopping center, a geographic information system-based microanalysis was performed. Furthermore, the analytical hierarchy process method was employed to determine optimal SC locations in the city, taking into consideration both the quality of life of the consumer and the impact of the SCs on the environment.

This paper examines the determinants of the optimal level of transportation infrastructure, estimating the excess amount of demand for or supply of transportation facilities in Korea. The optimal amount of transportation facilities is generated through a simulation of the recursive computable general equilibrium model under different scenarios of annual growth rates of policy variables such as gross domestic product (GDP) and the consumer price index for 10 years. This paper finds that higher levels of transportation capital stock are associated with higher economic growth and price inflation and a lower price level for transportation services. The accumulation of transportation capital stock is very responsive to the consumer price index and the price index of transportation services. Also, an increase in the GDP by 1% results in an increase in capital formation by the transportation sector by 0.9914%. For the period of 1975–1992, the average ratio of the actual level of transportation capital stock to the optimal one is estimated at 85.30%, and underprovision relative to the GDP on average is 4.66%.