The Effect of MRT on Land Values Rekindled

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.

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