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The effects of Mass Rapid Transit MRT systems on land values

The effects of Mass Rapid Transit MRT systems on land values Investigates the evolution of mass rapid transit MRT in relationto the Hong Kong market and analyses the effect of surrounding landvalues. Outlines the unique features of Hong Kong which make an urbanrailway system ideal and discusses the changes brought about by MRT.Summarizes the growth of commercial development on Hong Kong island andgives case studies on the Admiralty, Sheung Wan and TaikooshingKornhillareas in respect of their development with the advent of MRT. Notes thatthe shortening of travelling time for workers has increased demand for,and hence the price of, sites immediately adjacent to MRT stations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Valuation Emerald Publishing

The effects of Mass Rapid Transit MRT systems on land values

Journal of Valuation , Volume 8 (1): 17 – Jan 1, 1990

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0263-7480
DOI
10.1108/EUM0000000003275
Publisher site
See Article on Publisher Site

Abstract

Investigates the evolution of mass rapid transit MRT in relationto the Hong Kong market and analyses the effect of surrounding landvalues. Outlines the unique features of Hong Kong which make an urbanrailway system ideal and discusses the changes brought about by MRT.Summarizes the growth of commercial development on Hong Kong island andgives case studies on the Admiralty, Sheung Wan and TaikooshingKornhillareas in respect of their development with the advent of MRT. Notes thatthe shortening of travelling time for workers has increased demand for,and hence the price of, sites immediately adjacent to MRT stations.

Journal

Journal of ValuationEmerald Publishing

Published: Jan 1, 1990

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