The Redevelopment of Bus Depots: A Transaction Cost Economic Analysis of a Change in the Use of Land in Hong Kong

Lawrence W.C. Lai

Planning Practice & Research, 2016, vol. 31, issue 1, 80-98

Abstract: This is a pioneering study on bus depots based on a review of the English-language literature on or related to them, which is motivated by the prevalence of real estate projects using the land of the former depots. The review is followed by some conjectures about the transaction cost advantages of bus depot sites as a source of development land and examines the hypothesis that redevelopment projects using former bus depots, compared to other uses, in Hong Kong are more easily approved under the statutory planning system. The literature review found that bus depots have attracted much academic attention, although research angles were conditioned by different social perceptions of bus depots. The empirical results of this case study did not reject the hypothesis. The limitations and implications of the study are discussed.

Date: 2016
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DOI: 10.1080/02697459.2015.1110886

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