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Housing price gradient changes between Macau and Hong Kong: a neighboring city effect

Chung Yim Yiu (Department of Real Estate and Construction, The University of Hong Kong, Hong Kong)

International Journal of Housing Markets and Analysis

ISSN: 1753-8270

Article publication date: 20 June 2008

Abstract

Purpose

The classical land market model assumes a one‐workplace scenario. However, with the globalization trend, travel between two workplaces is becoming more and more common. This paper therefore aims to study the housing price gradient changes between Macau and Hong Kong to test the two workplaces hypotheses.

Design/methodology/approach

The temporal‐spatial difference of housing prices between the two neighboring cities are studied by using a two‐workplace residential location choice model.

Findings

This paper found that housing price gradient from Macau to Hong Kong is flattened when more non‐resident workers traveled from Hong Kong to Macau (ceteris paribus).

Originality/value

The results have important implications for polycentric city models and provide a novel method to study neighboring city effects on housing price.

Keywords

Citation

Yim Yiu, C. (2008), "Housing price gradient changes between Macau and Hong Kong: a neighboring city effect", International Journal of Housing Markets and Analysis, Vol. 1 No. 2, pp. 195-206. https://doi.org/10.1108/17538270810877808

Publisher

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Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited