A study on the social equity of ‘Rail + Property’ development in Hong Kong
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Insinööritieteiden korkeakoulu |
Master's thesis
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Authors
Date
2020-06-15
Department
Major/Subject
Mcode
Degree programme
Master's Programme in Real Estate Economics (REC)
Language
en
Pages
4+38+1
Series
Abstract
The economic success of Hong Kong’s Rail + Property (R + P) development has been widely discussed in academia, but very few studies focus on the social aspect of it. This research on the social equity of Hong Kong’s R + P development can help promote Hong Kong’s R + P development towards more comprehensive sustainability. This thesis adopts the quantitative method. Through quantitative research, it is found that the availability of Hong Kong’s R + P stations is positively correlated with household income, and is biased towards higher income group. Another result is that the affordability of R + P residential properties is worse than that of overall residences in Hong Kong for low- and middle-income households, and low- and middle-income households cannot afford Hong Kong’s R + P residential properties. The biased distribution of the availability of R + P stations and the lack of affordability of R + P residential properties may lead to greater gap between the rich and the poor and inefficient resource allocation etc. This thesis proposes to utilize urban planning intervention, provision of economical public R + P residential properties and financial support to mitigate those social equity issues. However, more researches are required to focus on other aspects of social equity issues of R + P development in Hong Kong except the availability of R + P stations and the affordability of R + P residential properties. The rationality of the explanation for problems and the effectiveness of the countermeasures also need to be verified by further researches.Description
Supervisor
Oikarinen, EliasThesis advisor
Oikarinen, EliasKeywords
Rail + Property, social equity, rail transit, Hong Kong