Hong Kong is one of the most expensive places to live in the world. This paper investigates the effects of retail property rents on the rents of small/medium-sized flats in Hong Kong. It is demonstrated that tourism policies such as the Individual Visit Scheme for Mainland residents, which is...

Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic housing units being 3 times higher than 10 years ago. This trend is supported by both internal and external factors. By providing a theoretical model and empirical analysis on...