Search results

This paper aims to study neighbourhood attachment and satisfaction in a middle-class, high-density and semi-gated neighbourhood in Hong Kong.

Drawing on the findings of survey on 356 households, a principal component analysis and hierarchical regression analysis were conducted to assess how attachment and satisfaction were manifested and whether they were manifested as separate phenomena.

Attachment and satisfaction in neighbourhoods were manifested as separate phenomena. It was further found that residents were broadly attached to and satisfied with their neighbourhood. Of the neighbourhood characteristics identified as influencing satisfaction in previous research, the support was found only for the physical environment and safety but concluded that satisfaction was also influenced by status, neighbourhood youths’ ambition and schools. Contrary to the expectation, the authors did not find support for deeper social bonds as an element of satisfaction. The hierarchical regression analysis indicated that satisfaction may lead to increased attachment.

This study offers policymakers and housing managers’ valuable insights into the management of increasingly large and complex residential neighbourhoods. It helps us understand which initiatives are likely to lead to greater attachment.

Previous studies have focused on neighbourhood attachment and satisfaction in typical low/medium-density settings. This study extends previous efforts to a high-density housing estate of Hong Kong.

This paper aims to explore the impact of a recent earthquake activity on house prices and their spatial distribution in the Istanbul housing market.

The paper uses a multi-level approach within an event study framework to model changes in the pattern of house prices in Istanbul. The model allows the isolation of the effects of earthquake risk and explores the differential impact in different submarkets in two study periods – one before (2007) and one after (2012) recent earthquake activity in the Van region, which although in Eastern Turkey served to alter the perceptions of risk through the wider geographic region.

The analysis shows that there are variations in the size of price discounts in submarkets resulting from the differential influence of a recent earthquake activity on perceived risk of damage. The model results show that the spatial impacts of these changes are not transmitted evenly across the study area. Rather it is clear that submarkets at the cheaper end of the market have proportionately larger negative impacts on real estate values.

The robustness of the models would be enhanced by the addition of further spatial levels and larger data sets.

The methods introduced in this study can be used by real estate agents, valuers and insurance companies to help them more accurately assess the likely impacts of changes in the perceived risk of earthquake activity (or other environmental events such as flooding) on the formation of house prices in different market segments.

The application of these methods is intended to inform a fairer approach to setting insurance premiums and a better basis for determining policy interventions and public investment designed to mitigate potential earthquake risk.

The paper represents an attempt to develop a novel extension of the standard use of hedonic models in event studies to investigate the impact of natural disasters on real estate values. The value of the approach is that it is able to better capture the granularity of the spatial effects of environmental events than the standard approach.

Since the end of the 1990s, large-scale mega projects have been initiated in Gulf cities to enable an unprecedented urban growth and the expansion of new economic sectors. In this respect, mega projects have played a key role in redefining housing developments in Gulf cities. This paper explores the newly emerging housing typologies and their distinctive roles in defining new urban environments. The selected case studies are located in the Jumeirah District in Dubai, which can be seen as the first prototype of a large cohesive development area that has been built of nine rather differing mega projects including the iconic Palm project and one of the largest residential high-rise agglomerations in the Middle East. The paper is based on the evaluation of official planning data from each project as well as field observations. Conclusions are drawn to highlight key implications while identifying housing development tendencies.