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The Effect of MRT on Land Values Rekindled

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 February 1991

Abstract

Survey′s the impact of the Mass Transit Railway (MTR) on office rental structures and locations in Hong Kong. Follows up earlier work by Gareth Williams on Mass Rapid Transport (MRT). Reports that the results falsify the commonsense theory that improvement in accessibility would reduce the relative primacy of the Central Business Districts (CBD) as an office centre. Concludes that attempts by strategic planners to implant high‐grade offices in off‐CBD locations along the MTR line need serious reconsideration.

Keywords

Citation

Wai Chung Lai, L. (1991), "The Effect of MRT on Land Values Rekindled", Journal of Property Valuation and Investment, Vol. 9 No. 2, pp. 123-136. https://doi.org/10.1108/14635789110030859

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited