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The leasehold system as a land management measure to attain sustainable development planning by contract: A Hong Kong case study

Eric C.K. Ho (Department of Real Estate and Construction, University of Hong Kong, Hong Kong, People's Republic of China)

Property Management

ISSN: 0263-7472

Article publication date: 1 May 2006

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Abstract

Purpose

The purpose of paper is to investigate the institutional features of the leasehold system of Hong Kong, which is predicated on the freedom of contract as an institutional arrangement for land management and planning that promotes sustainable development.

Design/methodology/approach

The approach is analytical, using concepts of property rights informed by Coasian neo‐institutional economics and the ideas of Yu et al. on the Schumpeterian process in innovation.

Findings

It was demonstrated that the post‐contractual imposition of statutory planning control on the leasehold land management system in Hong Kong has adversely affected and adaptability of the leasehold system in achieving sustainability.

Research limitations/implications

This paper encourages a reinterpretation of statutory zoning in areas with a leasehold system and the reception of the land lease as a basis for innovations that help promote sustainable development.

Practical implications

This paper warns against legislative activism in planning controls as that can destroy or erode the basis for innovations that help promote sustainable development.

Originality/value

Using the idea of innovations of Yu et al. and Lai and Lorne, this paper further develops Lai theory of “planning by contract” as an alternative to “planning by edict”.

Keywords

Citation

Ho, E.C.K. (2006), "The leasehold system as a land management measure to attain sustainable development planning by contract: A Hong Kong case study", Property Management, Vol. 24 No. 3, pp. 272-292. https://doi.org/10.1108/02637470610660156

Publisher

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Emerald Group Publishing Limited

Copyright © 2006, Emerald Group Publishing Limited

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