Housing Price Gradient Changes between Macau and Hong Kong: Neighboring City Effect

International Journal of Housing Markets and Analysis, Vol. 1, No. 2, pp. 195-206, 2008

21 Pages Posted: 17 Sep 2008

See all articles by Edward Chung Yim Yiu

Edward Chung Yim Yiu

University of Auckland Business School

Date Written: September 15, 2008

Abstract

This paper applies a two-workplace residential location choice model to study the housing price gradient changes between Macau and Hong Kong. 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 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. The results have important implications on polycentric city models, and provide a novel method to study neighboring city effects on housing price.

Keywords: workplaces, housing demand, price gradient, commuting mileage

JEL Classification: R21

Suggested Citation

Yiu, Edward Chung Yim, Housing Price Gradient Changes between Macau and Hong Kong: Neighboring City Effect (September 15, 2008). International Journal of Housing Markets and Analysis, Vol. 1, No. 2, pp. 195-206, 2008, Available at SSRN: https://ssrn.com/abstract=1268537

Edward Chung Yim Yiu (Contact Author)

University of Auckland Business School ( email )

Sir Owen G Glenn Building
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Auckland, 1024
New Zealand
+64 923 3913 (Phone)

HOME PAGE: http://https://unidirectory.auckland.ac.nz/people/profile/edward-yiu

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