A study of Feng Shui and its impacts on land and property developments : Case study of a village housing development in Tai Po East area

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

2 Scopus Citations
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Original languageEnglish
Pages (from-to)185-193
Journal / PublicationUrban Design International
Volume3
Issue number4
Publication statusPublished - 1998

Abstract

Although there are many variables affecting the housing price of an area, only three significant independent variables ('Feng Shui', 'accessibility' and 'building age') are studied in this paper. It is found that the correlation between 'Feng Shui' and 'housing price' is the highest, yielding a regression coefficient of 0.95. The one between 'Feng Shui' and 'building age' is -0.699. It implies that areas with better Feng Shui have more new houses. The propensity to build is high. Amongst these three independent variables, it is very interesting to discover that Feng Shui is a determining factor upon the dependent variable of 'housing price'. Feng Shui may be controversial; its theories are still contentious. However, Chinese culture plays a very important role and often determines the values and beliefs of the villages that dictate their expectations and responses to housing prices.