An Initial Environmental-Epidemiological Analysis of the Spread of Sars at a High-Rise Housing Estate in Hong Kong

Lai, Lwc; Ho, Dcw; Chau, KW; Lam, Gcc; Lin, YY

doi:10.1142/9789812701480_0131

Tall Buildings 2005

DOI: 10.1142/9789812701480_0131

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An Initial Environmental-Epidemiological Analysis of the Spread of Sars at a High-Rise Housing Estate in Hong Kong

Lwc Lai¹,

Dcw Ho²,

KW Chau³

et al.

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2006

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“…(3) The estates with SARS were mainly located in districts of medium density in Kowloon and the New Territories(Lai, 1998b). A statistical evaluation of the medical statistics and the housing environment can be found inLai et al (2005b).…”

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Impact of Political Incidents, Financial Crises, and Severe Acute Respiratory Syndrome on Hong Kong Property Buyers

Lai

Chau

et al. 2006

Environ Plann B Plann Des

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In this paper, the first part of our study, we use a linear statistical technique to examine the impact of the announcement of China's decision to take back Hong Kong from the United Kingdom in 1982, the Tiananmen Square incident of 4 June 1989, the Asian financial crisis (AFC) of 1997, and the outbreak of severe acute respiratory syndrome (SARS) in 2003 on Hong Kong's housing market in terms of prices. A total of 11362 residential transactions from a cluster of data for a large private-housing estate, considered to be representative of Hong Kong's private residential market, were used to test four hypotheses that evaluate the impact of shocks on property prices through the use of a hedonic price model. The influences based on the statistical findings, which satisfy the relevant goodness-of-fit tests, are (a) that the sovereignty crisis exerted immediate significant negative price effect, but property prices rebounded after a big decline when open diplomatic dialogue between the Chinese and UK governments began, (b) that the Tiananmen Square (4 June) incident had no significant price effect; (c) that the AFC caused a drastic decline in property prices; and (d) that the impact of the SARS outbreak was significantly negative for Amoy Gardens but not so for estates with fewer reported SARS cases.

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confidence: 99%

Impact of Political Incidents, Financial Crises, and Severe Acute Respiratory Syndrome on Hong Kong Property Buyers

Lai

Chau

et al. 2006

Environ Plann B Plann Des

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An Initial Environmental-Epidemiological Analysis of the Spread of Sars at a High-Rise Housing Estate in Hong Kong

Cited by 1 publication

References 0 publications

Impact of Political Incidents, Financial Crises, and Severe Acute Respiratory Syndrome on Hong Kong Property Buyers

Impact of Political Incidents, Financial Crises, and Severe Acute Respiratory Syndrome on Hong Kong Property Buyers

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