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The Nexus between Visitor Arrivals and Residential Property Rents in Hong Kong

Terence Tai Leung Chong () and Alex Wing-Ho Yiu

MPRA Paper from University Library of Munich, Germany

Abstract: Cost of living in Hong Kong is among the highest in the world. This paper investigates the effect of tourist arrivals on the residential property market in Hong Kong. It is demonstrated that the soaring number of tourists from mainland China is pushing up property rents in Hong Kong. The substantial accommodation need generated by the increasing number of students from China is another contributing factor.

Keywords: Residential property rent; Retail property rent; Instrumental variable (search for similar items in EconPapers)
JEL-codes: R2 R21 R23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna and nep-ure
Date: 2017-07-01
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Journal Article: Nexus between visitor arrivals and residential property rents in Hong Kong (2019) Downloads
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