Walled Buildings, Sustainability, and Housing Prices: An Artificial Neural Network Approach

Li, Rita Yi Man; Cheng, Ka Yi; Shoaib, Muhammad

doi:10.3390/su10041298

Cited by 35 publications

(27 citation statements)

References 34 publications

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“…Thus, more skyscrapers are being constructed following a "build up, not out" approach [5]. Moreover, the policy regarding the extra gross floor area offers developers bonuses and exemptions for green feature provisions, which have become powerful motivations for developers to increase both the number of floors and the mass of buildings [6]; as a result, Hong Kong has the largest number of tall buildings above 150 metres worldwide.…”

Section: Introductionmentioning

confidence: 99%

Ranking of Risks for Existing and New Building Works

Chau

Zeng

2019

Sustainability

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Site safety is one critical factor affecting the sustainability of skyscrapers and decoration, repair, and maintenance projects. Many newly-built skyscrapers exceed 50 storeys in Hong Kong and decoration, repair, and maintenance projects are widely performed to extend the lifespans of buildings. Although many cities do not contain skyscrapers at present, this will change in the future. Likewise, more decoration, repair, and maintenance projects will emerge. Thus, the present research, which compares the safety risks among the new and DSR projects, provides insights for builders, policymakers, and safety personnel. Moreover, research studies which rank and compare decoration, repair, and maintenance projects and new skyscraper constructions are scarce. The use of the evidence-based practice approach, which aims to narrow the gap between practice and academia in construction safety research, is the first of its kind. In this paper, we firstly provide a systematic literature review from 1999 to 2019 regarding construction safety, and then study the industry’s perspectives by analysing the construction practitioners’ interview results, court cases, and analytic hierarchy process survey results to compare them with the literature. It is found that the generation gap and prolonged working hours lead to accidents—a phenomenon which is unique in Hong Kong and absent from the literature. It also reveals that most accidents happen on new building sites due to tower crane failure, while those on DSR projects are linked with the circular saw. Although many of the contractors involved in new buildings are wealthier than DSR contractors, it is surprising to learn that lack of funding for safety is the most important factor linked to safety risks on the sites.

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Section: Introductionmentioning

confidence: 99%

Ranking of Risks for Existing and New Building Works

Chau

Zeng

2019

Sustainability

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“…With regard to the research into demographic factors, the existing literature has focused on the demographic age structure [41- With the booming development of the real-estate market and the rapid growth of housing prices, the factors influencing housing prices have attracted wide attention from scholars at home and abroad. Focused on the factors affecting housing prices, the existing research has achieved very fruitful results, including in macroeconomics (real-estate investment [9], economic growth [10,11], monetary policy [12,13] and inflation [14]), politics (urban hierarchy [15] and government policy [8]), society (population factors [16,17], social environment [18] and urbanization [19,20]), physical geography (geographical location [21], natural features [22] and environmental health risks [23,24]) and micro-aspects of real-estate characteristics (walled buildings [25], cost of construction and installation [26,27], house type [28,29], locational conditions [30], educational resources [31], infrastructure [32][33][34] and neighborhood factors [35,36]), and the household and individual characteristics of household buyers (income [37,38], the Dutch index of consumer confidence [39] and consumer expectations [40]). As the main subject of investing, consuming, using and disposing of real estate, the human factor has gradually become the research focus.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Population Migration on Urban Housing Prices: Evidence from China’s Major Cities

Lin

Zhao

et al. 2018

Sustainability

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With increasingly high housing prices, the urban housing problem has changed from an economic issue to a livelihood issue in China. Taking 32 major cities in China as an example, this paper employed data from 2007 to 2016 to build a panel data model to empirically study the impact of population migration on urban housing prices. From the two perspectives of the national level and regional level (eastern region, central region and western region), the results of this study showed that (1) on the national level, population inflow had a significant positive correlation with urban housing prices, where a population inflow rate increase of 1% increased urban housing prices by 0.31%; and (2) on the regional level, a population inflow rate increase of 1% increased urban housing prices in the eastern region by 1.34%, but population inflow had no obvious impact on the urban housing prices in the central and western regions. Based on the results, this study suggested addressing housing supply imbalances through housing product diversification and affordable housing system improvement, and addressing construction land supply imbalances by building a perfect system linking land-use planning to population; at the same time, it also suggested building more nationally central cities following the urbanization trend, and taking this as the key to developing urban agglomerations, reasonably decentralizing the population flow, promoting the healthy and stable development of the real-estate market and advancing sustainable urbanization. The above conclusions have practical significance for China and other developing countries to coordinate population and urban development in the process of rapid urbanization.

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“…In Hong Kong, high-density urban forms reduce urban air ventilation (Ng, 2009 ), and the environmental challenges it brings include, but not limited to, urban heat island effects (Shi et al, 2018a , 2018b ), prolonged extreme hot weather (Cai et al, 2017 ; Shi et al, 2019 ), and deteriorated outdoor air quality and microclimate condition (Shi et al, 2016 ). Building morphological forms have been found to be influential to housing price in Hong Kong (Li et al, 2018 ). It has been found that concerns about climatic risks also affect the urban real estate market (Bunten & Kahn, 2014 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing economic, social and environmental impacts on housing prices in Hong Kong: a time-series study of 2006, 2011 and 2016

Weixuan

Shi

et al. 2021

J Hous and the Built Environ

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Given Hong Kong’s unique high-density urban environment and limited land resources, more and more general public has been concerned about the living quality. Based on three waves of census data (2006, 2011 and 2016), combined with our spatial–temporal urban environmental database consisting of three local datasets of urban climate and air quality, this paper assesses the impacts of social, economic and environmental factors on the logarithm of housing prices in Hong Kong through linear regression analysis. Specifically, both supply- and demand-side economic factors have significant impacts on housing prices. Demographic factors are not as significant as expected in affecting housing prices. Transportation factors have more significant effects in the short run than in the long run. Environmental factors, including the number of hot night hours, Annual Air Quality Index (AAQI) of nitrogen dioxide (NO 2 ) and particulates with particle sizes less than 10 microns (PM 10 ), significantly affect housing prices over time. The results have important implications: current policy instruments to prevent housing price escalation are focused on increasing property tax or land supply (economic factors), while little attention is paid to social or environmental factors, which are geographically heterogeneous. Our findings suggest that housing provision in the New Territories may be a feasible solution to alleviate the housing crisis as its demographic pattern, transportation connectivity and air quality are significantly different from Hong Kong Island or Kowloon Peninsula. In regard to urban environmental problems brought by the high-density development in Hong Kong despite land-use saving, intensified urban infrastructure and promotion of public transportation, our study contributes to the understanding of its housing price dynamics from a more holistic perspective by comparing the impacts of economic, social and environmental factors.

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Walled Buildings, Sustainability, and Housing Prices: An Artificial Neural Network Approach

Cited by 35 publications

References 34 publications

Ranking of Risks for Existing and New Building Works

Ranking of Risks for Existing and New Building Works

The Impact of Population Migration on Urban Housing Prices: Evidence from China’s Major Cities

Assessing economic, social and environmental impacts on housing prices in Hong Kong: a time-series study of 2006, 2011 and 2016

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