With the government owning all land in Hong Kong, public land sales have been an important channel for developers to acquire land for property development, apart from private-led urban regeneration. For the colonial time before 1997, land was supplied to the market via a supply-oriented model,...

The sustainable urban real estate agenda: there is more to it than the "green" thing -- Economic sustainability considerations in a local real estate context (with post-bubble hindsight) -- Assessment criteria for sustainable local price development -- Some diagnostic issues -- Quasi-dynamic som...

In the past decades, gentrification has transformed American central city neighborhoods. In this paper, I estimate a spatial equilibrium model to show that the rising value of high-skilled workers' time contributes to the gentrification of American central cities. I show that the increasing...