Author: Mung, Kin-fai Charles
Title: Market determinants and future trends of the Hong Kong residential property market
Degree: M.B.A.
Year: 1995
Subject: Real estate business -- China -- Hong Kong
Real property -- China -- Hong Kong
Hong Kong Polytechnic University -- Dissertations
Department: Department of Management
Pages: 1 v. (various pagings) ; 30 cm
Language: English
Abstract: The residential property market experienced cyclical ups and downs in the 1970s and the 1980s, but behaved with consistent resilience in the early 1990s. The purpose of this study is to explore the key market determinants and the future trends of the residential property market in Hong Kong. Primary data was collected from a questionnaire survey sent to the target respondents. Secondary data is obtained from review of literature. Frequency distribution analysis was conducted to diagnose the primary data obtained to explore the key market determinants and the future trends of the residential property market. Cross tabulation was also performed to identify the relationship between two variables Multiple regression analysis was performed to identify the relationship between residential price and relevant determinant factors. It was found that the prospects of the residential property market in the 1990s will continue to be influenced by the prime factors of affordability, political and economic climate, Government policy on land supply and control of speculation, bank mortgage lending policy, levels of interest and inflation rates as well as trading and economic relationship with China. It was also found that prices of residential properties are related to the Value of Agreement for Sales and Purchase, Loans and Advances by Licensed Banks on purchase of residential properties as well as Gross Domestic Product The results of this study concluded that the prospects of the residential property market will continue to look good and promising. The hand over of Hong Kong's sovereignty in 1997 is not a major concern with the continued political and economic stability. Furthermore, it is predicted that residential prices will unlikely to go down after 1997 as people are optimistic of the positive prospects after 1997.

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