A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Impact of accessibility on housing expenditure and affordability in Hong Kong's private rental sector
Abstract The expenditure on rental housing as aproportion of income is usually measured by therent-to-income ratio, which is the mostcommonly used affordability indicator, whilethe residual income approach is often taken asan alternative. This paper attempts toidentify the determinants of the rent-to-incomeratio, and to examine the impact ofaccessibility on affordability in the privaterental sector. Empirical results indicate notonly determinants of the rent-to-income ratiowould vary, but even the same variable wouldhave different impacts on the rent-to-incomeratio and hence on affordability for locationswith different accessibility. Although therent-to-income ratio in Hong Kong isconsiderably higher than in most other cities,results from the residual income approachindicate that the affordability problem is notsignificant, and that it has a strong link withaccessibility.
Impact of accessibility on housing expenditure and affordability in Hong Kong's private rental sector
Abstract The expenditure on rental housing as aproportion of income is usually measured by therent-to-income ratio, which is the mostcommonly used affordability indicator, whilethe residual income approach is often taken asan alternative. This paper attempts toidentify the determinants of the rent-to-incomeratio, and to examine the impact ofaccessibility on affordability in the privaterental sector. Empirical results indicate notonly determinants of the rent-to-income ratiowould vary, but even the same variable wouldhave different impacts on the rent-to-incomeratio and hence on affordability for locationswith different accessibility. Although therent-to-income ratio in Hong Kong isconsiderably higher than in most other cities,results from the residual income approachindicate that the affordability problem is notsignificant, and that it has a strong link withaccessibility.
Impact of accessibility on housing expenditure and affordability in Hong Kong's private rental sector
Ho, Michael H.C. (author) / Chiu, Rebecca L.H. (author)
2002
Article (Journal)
English
BKL:
56.00$jBauwesen: Allgemeines
/
56.81$jWohnungsbau$XArchitektur
/
74.72
Stadtplanung, kommunale Planung
/
74.72$jStadtplanung$jkommunale Planung
/
56.00
Bauwesen: Allgemeines
/
74.60$jRaumordnung$jStädtebau: Allgemeines
/
74.60
Raumordnung, Städtebau: Allgemeines
/
56.81
Wohnungsbau
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