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The effects of Mass Rapid Transit (MRT) systems on land values

Journal of Valuation

ISSN: 0263-7480

Article publication date: 1 January 1990

Abstract

Investigates the evolution of mass rapid transit (MRT) in relation to the Hong Kong market and analyses the effect of surrounding land values. Outlines the unique features of Hong Kong which make an urban railway system ideal and discusses the changes brought about by MRT. Summarizes the growth of commercial development on Hong Kong island and gives case studies on the Admiralty, Sheung Wan and Taikooshing/Kornhill areas in respect of their development with the advent of MRT. Notes that the shortening of travelling time for workers has increased demand for, and hence the price of, sites immediately adjacent to MRT stations.

Keywords

Citation

Williams, G. (1990), "The effects of Mass Rapid Transit (MRT) systems on land values", Journal of Valuation, Vol. 8 No. 1, pp. 7-23. https://doi.org/10.1108/EUM0000000003275

Publisher

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MCB UP Ltd

Copyright © 1990, MCB UP Limited