Speculate a lot
Edward Chi Ho Tang
Pacific Economic Review, 2021, vol. 26, issue 1, 91-109
Abstract:
While the residential and commercial property markets in Hong Kong are extensively discussed, little attention is paid to the carpark market. This work contributes to fill the research gap in three ways. First, it provides a simple empirical model to explain carpark ratios in residential buildings. Second, it hand collects transaction‐level data and constructs a price index for the carpark market in Hong Kong. Third, it shows that changes in stamp duties increase the volatility in the carpark market. This research may shed light on the current debate on the effectiveness of the stamp duty in stabilizing the real estate market.
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://doi.org/10.1111/1468-0106.12340
Related works:
Working Paper: Speculate a Lot (2020) 
Working Paper: Speculate a lot (2019) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:pacecr:v:26:y:2021:i:1:p:91-109
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1361-374X
Access Statistics for this article
Pacific Economic Review is currently edited by Kenneth S. Chan and Yin-wong Cheung
More articles in Pacific Economic Review from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().