The Construction and Related Industries in a Changing Socio-Economic Environment : The Case of Hong Kong

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

6 Scopus Citations
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Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)139-172
Journal / PublicationInternational Real Estate Review
Volume7
Issue number1
Publication statusPublished - 1 Dec 2004
Externally publishedYes

Abstract

Hong Kong is well known for its “housing market bubble”. Both theoretical and empirical studies point to the supply side being the “root of all evil”. This paper takes a preliminary step in understanding the supply side of the Hong Kong market by investigating the construction and related industries. After taking into consideration of the unusual public expenditure, the construction industry seems to be “normal” in international standard. Its relationship with the aggregate economy is also examined. Directions for future research are also suggested.

Research Area(s)

  • construction, employment, government policy, housing, investment

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