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Case
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Reference no. 205-058-1
Subject category: Economics, Politics and Business Environment
Authors: Stephen Ching (HKU Business School, The University of Hong Kong); Yuming Fu (HKU Business School, The University of Hong Kong); Alexandra Yiu (HKU Business School, The University of Hong Kong)
Published by: Asia Case Research Centre, The University of Hong Kong
Published in: 2005
Length: 15 pages
Data source: Field research
Topics: Land market contestability
Share a link: https://casecent.re/p/63429
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Abstract

Under Hong Kong’s land tenure system, land is leased to private developers through five channels, with public auction being the most prominent. Given significant outlays of time and capital required for property development, a handful of developers dominate the market, partly reflecting scale economies and successful business strategies. Nonetheless, consistently high profit margins enjoyed by these developers call into question the contestability of the land market.
Location:
Hong Kong
Other setting(s):
2004
Teaching note
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Reference no. 205-058-8
Subject category: Economics, Politics and Business Environment
Authors: Stephen Ching (HKU Business School, The University of Hong Kong); Yuming Fu (HKU Business School, The University of Hong Kong); Alexandra Yiu (HKU Business School, The University of Hong Kong)
Published by: Asia Case Research Centre, The University of Hong Kong
Published in: 2005
Length: 6 pages
Data source: Field research
View full details

About

Abstract

Under Hong Kong’s land tenure system, land is leased to private developers through five channels, with public auction being the most prominent. Given significant outlays of time and capital required for property development, a handful of developers dominate the market, partly reflecting scale economies and successful business strategies. Nonetheless, consistently high profit margins enjoyed by these developers call into question the contestability of the land market.

Settings

Location:
Hong Kong
Other setting(s):
2004

Related

Teaching note
-
Reference no. 205-058-8
Subject category: Economics, Politics and Business Environment
Authors: Stephen Ching (HKU Business School, The University of Hong Kong); Yuming Fu (HKU Business School, The University of Hong Kong); Alexandra Yiu (HKU Business School, The University of Hong Kong)
Published by: Asia Case Research Centre, The University of Hong Kong
Published in: 2005
Length: 6 pages
Data source: Field research
View full details