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Regulating Information Asymmetry in the Residential Real Estate Market

Author : Devin Lin

Publisher : Routledge

Page : 468 pages

File Size : 10,7 MB

Release : 2017-07-06

Category : Business & Economics

ISBN : 1315315386

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Book Description

This book conducts a detailed examination of the current form of the Hong Kong residential property regulatory system: the 2013 Residential Properties (Firsthand Sales) Ordinance (Cap 621). The author sheds light on how the new legislation promotes a number of values including information symmetry, consumer protection, the free market and business efficacy. It provides a detailed account of how the regulatory mechanism has evolved over the past three decades to catch unconsscionable sales tactics (such as selective information and/or misrepresentation of location, size, completion date and past transactions) and monitor sales practices in order to protect the interests of stakeholders in this ever-changing first-hand residential property market. This book breaks down this complicated subject matter by focusing a number of chapters each on a specific attribute of the residential property on sale. It then examines the various channels through which the information is communicated to the prospective buyer and discusses misrepresentation of the key information in sales of residential properties as criminal liability.The tension between consumer’s rights on one hand and the pursuit of free market principles on the other is but one example of the conflicting values thoroughly discussed in the book, others include superstition vs. modernization and clarity vs. flexibility. Aimed at those with an interest in consumer protection and transparency-orientated legislation in commercialized real estate transactions, this book seeks to provide an in-depth discussion of the latest trends and directions of travel.



International Housing Market Experience and Implications for China

Author : Rebecca L. H. Chiu

Publisher : Taylor & Francis

Page : 427 pages

File Size : 20,39 MB

Release : 2019-03-18

Category : Political Science

ISBN : 0429796161

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Book Description

Recent rapid housing market expansion in China is presenting new challenges for policy makers, planners, business people, and citizens. Now that housing in middle-income China is driven by consumer choices and is no longer dominated by state policy decisions, housing policy issues in Chinese cities are becoming increasingly similar to those encountered in other global housing markets. With soaring prices and imbalances in housing supply favoring high income groups and housing demand driven by rising inequality in household incomes, many middle and lower-income households face worsening choices in terms of the quality and location of their housing as well as greater financial difficulties, which together can have negative implications for standards of public health. This book examines the impact of these changes on the general population, as well as on aspiring homeowners and developers. The contributors look at the effect on the widening of wealth gaps, slower economic growth, and threats to political and social stability. Though focusing on China, the editors also present discussions of specific policy design challenges encountered in Australia, Japan, Korea, the Netherlands, the Nordic countries, Singapore, Taiwan, the UK, and the US. This book would be of interest to housing policy makers, as well as academics who are studying the social and political effects of the Chinese housing market.



Residential Satisfaction and Housing Policy Evolution

Author : Clinton Aigbavboa

Publisher : CRC Press

Page : 254 pages

File Size : 34,29 MB

Release : 2018-07-04

Category : Architecture

ISBN : 1351012657

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Book Description

This book explores residential satisfaction and housing policy trends in developing nations by using subsidised low-income housing examples in South Africa, Ghana and Nigeria as case studies. While there has been much documentation on the formation of residential satisfaction and the evolution of housing policy in developed nations, relatively little has been written about these topics in developing nations. This book provides readers with two major practical insights: The first is focused on the theoretical underpinning of residential satisfaction and the formation of residential satisfaction in subsidised low-income housing through the development of a conceptual framework, while the second is focused on housing policy evolution and its trends in South Africa. In this section of the book, comparative overviews of public housing in two West African countries are provided with an emphasis on the philosophical basis for its development in these countries. The central aim of the book is to provide readers with ideas on residential satisfaction formation and housing policy trends in South Africa.



Regulating Information Asymmetry in the Residential Real Estate Market

Author : Devin Lin

Publisher : Taylor & Francis

Page : 297 pages

File Size : 28,10 MB

Release : 2017-07-06

Category : Business & Economics

ISBN : 1315315394

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Book Description

This book conducts a detailed examination of the current form of the Hong Kong residential property regulatory system: the 2013 Residential Properties (Firsthand Sales) Ordinance (Cap 621). The author sheds light on how the new legislation promotes a number of values including information symmetry, consumer protection, the free market and business efficacy. It provides a detailed account of how the regulatory mechanism has evolved over the past three decades to catch unconsscionable sales tactics (such as selective information and/or misrepresentation of location, size, completion date and past transactions) and monitor sales practices in order to protect the interests of stakeholders in this ever-changing first-hand residential property market. This book breaks down this complicated subject matter by focusing a number of chapters each on a specific attribute of the residential property on sale. It then examines the various channels through which the information is communicated to the prospective buyer and discusses misrepresentation of the key information in sales of residential properties as criminal liability.The tension between consumer’s rights on one hand and the pursuit of free market principles on the other is but one example of the conflicting values thoroughly discussed in the book, others include superstition vs. modernization and clarity vs. flexibility. Aimed at those with an interest in consumer protection and transparency-orientated legislation in commercialized real estate transactions, this book seeks to provide an in-depth discussion of the latest trends and directions of travel.



Housing Policy, Wellbeing and Social Development in Asia

Author : Rebecca Lai Har Chiu

Publisher : Routledge

Page : 308 pages

File Size : 20,2 MB

Release : 2018-05-11

Category : Business & Economics

ISBN : 1315460033

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Book Description

This book investigates how housing policy changes in Asia since the late 1990s have impacted on housing affordability, security, livability, culture and social development. Using case study examples from countries/cities including China, Hong Kong, India, Japan, Taiwan, Korea, Malaysia, Bangladesh, Singapore, Indonesia, Thailand and Vietnam, the contributors contextualize housing policy development in terms of both global and local socio-economic and political changes. They then investigate how policy changes have shaped and re-shaped the housing wellbeing of the local people and the social development within these places, which they argue should constitute the core purpose of housing policy. This book will open up a new dimension for understanding housing and social development in Asia and a new conceptual perspective with which to examine housing which, by nature, is culture-sensitive and people-oriented. It will be of interest to students, scholars and professionals in the areas of housing studies, urban and social development and the public and social policy of Asia.



Construction and Application of Property Price Indices

Author : Anthony Owusu-Ansah

Publisher : Routledge

Page : 222 pages

File Size : 34,41 MB

Release : 2018-07-11

Category : Business & Economics

ISBN : 1351590995

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Book Description

The importance of house prices to households, real estate developers, banks and policy-makers cannot be overemphasised. House price changes affect consumer spending and business investment patterns, which in turn affect the wider macro economy and the entire business cycle. Measuring and understanding house prices is therefore essential to a functioning economy, but researchers continue to disagree on the best methodological approach for constructing real estate indices. This book argues the need for more accurate house price indices, outlines the various methods used to construct indices and discusses the existing house price indices around the globe. It shows how the raw data of property transactions can be prepared for the purpose of constructing indices, discusses various applications of property price indices and empirically demonstrates how the index numbers can be used to model the supply of new houses and to estimate the price elasticity of supply. Essential reading for economists, real estate professionals and researchers, and policy-makers.



Residential Construction Law

Author : Philip Britton

Publisher : Bloomsbury Publishing

Page : 743 pages

File Size : 32,59 MB

Release : 2021-07-15

Category : Law

ISBN : 1509939245

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Book Description

This is the first book to offer a systematic and analytical overview of the legal framework for residential construction. In doing so, the book addresses two fundamental questions: Prevention: What assurances can the law give buyers (and later owners and occupiers) of homes that construction work – from building of a complete home to adding an extension or replacing a shower unit – will comply with minimum standards of design, safety and build quality? Cure: What forms of redress - from whom, and by what route - can residents expect, when, often long after completion of construction, they discover defects? The resulting problems pose some big and difficult questions of principle and policy about standards, rights and remedies, which in turn concern justice more generally. This book addresses these key issues in a comparative context across the United Kingdom, Ireland, Australia and New Zealand. It is an accessible guide to the existing law for residents and construction professionals (and their legal advisers), but also charts a course to further, meaningful reforms of the legal landscape for residential construction around the world. The book's two co-authors, Philip Britton and Matthew Bell, have taught in the field in the UK, Australia and New Zealand; both have been active in legal practice, as have the book's two specialist contributors, Deirdre Ní Fhloinn and Kim Vernau.



A Regulatory Framework for the Art Market?

Author : Anna Bolz

Publisher : Springer Nature

Page : 324 pages

File Size : 26,24 MB

Release : 2022-11-24

Category : Law

ISBN : 3031187431

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Book Description

This book addresses practical issues in connoisseurship and authentication, as well as the legal implications that arise when an artwork’s authenticity is challenged. In addition, the standards and processes of authentication are critically examined and the legal complications which can inhibit the expression of expert opinions are discussed. The notion of authenticity has always commanded the attention of art market participants and the general art-minded public alike. Coinciding with this, forgery is often considered to be the world’s most glamorous crime, packed with detective stories that are usually astonishing and often bizarre. The research includes findings by economists, sociologists, art historians, lawyers, academics and practitioners, all of which yield insights into the mechanics and peculiarities of the art business and explain why it works so differently from other markets. However, this book will be of interest not only to academics, but to everyone interested in questions of authenticity, forgery and connoisseurship. At the same time, one of its main aims is to advocate best practices in the art market and to stress the importance of cooperation among all disciplines with a stake in it. The results are intended to offer guidance to art market stakeholders, legal practitioners and art historians alike, while also promoting mutual understanding and cooperation.



Delhi's Changing Built Environment

Author : Piyush Tiwari

Publisher : Routledge

Page : 262 pages

File Size : 41,10 MB

Release : 2017-12-22

Category : Business & Economics

ISBN : 1317441362

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Book Description

The rapid expansion, urban form and development of the built environment in the world’s second most populous city, Delhi, has been the consequence of social, political, economic, planning and architectural traditions that have shaped the city over thousands of years. Whilst seamless at times, these traditions have often resulted in the fragmented development of the city’s built environment. This book charts the political, economic and social forces that drove development in India generally and in Delhi in particular, and investigates the drivers and constituents of Delhi’s urban landscape. The book provides a lens through which to examine the development path of a mega-city, which can be used as a guide in the development of emerging urban centres. Furthermore, the strengths and weaknesses of Delhi's built environment are critically analysed, with consideration to the role of the market, finance and policy over time. This book not only provides valuable insight into the physical evolution of Delhi and its surrounds, but it also asks broader questions about how people, power and politics interact with urban environments. It is essential reading for planners, architects, urbanists and social historians.



Residential Real Estate

Author : Anupam Nanda

Publisher : Routledge

Page : 229 pages

File Size : 18,89 MB

Release : 2019-03-20

Category : Business & Economics

ISBN : 1317483480

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Book Description

Residential Real Estate introduces readers to the economic fundamentals and emerging issues in housing markets. The book investigates housing market issues within local, regional, national and international contexts in order to provide students with an understanding of the economic principles that underpin residential property markets. Key topics covered include: Location choice in urban areas Housing supply and demand Housing finance and housing as an asset class Demographic shifts and implications for housing Sustainable homes and digitalisation in housing Drawing on market-level information, readers are encouraged to recognise the supply and demand drivers and modelling of dynamic housing markets at various spatial scales and the implications of trends within an urban and regional context, e.g. urbanisation, ageing population, migration, digitalisation. With research-based discussions and coverage of relevant literature, this is an ideal textbook for students of residential real estate, property and related business studies courses at UG and PG levels, as well as a reference book with research topics for researchers. This book will also be of interest to professionals and policymakers.