Chung Yim Yiu
Biographic Data
| ID | 1656006 |
|---|---|
| NAME | Chung Yim Yiu |
| GIVEN NAMES | Chung Yim |
| FAMILY NAME | Yiu |
| SIGNATURE | YIU C Y |
| AFFILIATIONS | University of Auckland |
| ORCID | 0000-0003-2446-8276 |
| VERIFIED | Yes |
| TOTAL WORKS | 23 |
| TOTAL CITATIONS | 55 |
| AUTHOR COUNT | 23 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2005 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 4 |
Mapping unobserved coopetitions between shopping malls using mobile geolocation data
This study challenges the conventional retail catchment analysis, which typically asserts that proximity is the primary driver of shopping mall patronage. Using mobile geolocation data, we explore the catchment areas for patrons of two major Auckland malls, influenced by both cooperation and competition (known as coopetition) amongst mall and tenants, alongside the actual consumer preferences. By mapping the home-like locations of these mall patr…
Touristification and retail diversity: Theory and evidence
This study explores the impact of touristification on retail diversity in neighbourhoods, presenting a species-area relationship model to demonstrate how tourism-driven changes can negatively affect local residents by displacing unique local retailers. Empirical regression analysis, using differences-in-difference (DID) models and neighbourhood clustering to define retail areas in Hong Kong, found that tourist-concentrated areas have fewer divers…
The heterogeneous impacts of widespread upzoning: Lessons from Auckland, New Zealand
Zoning reform is increasingly recognised as an important strategy to increase housing affordability and environmental sustainability. Few cities have undertaken significant upzoning of low-density neighbourhoods, making the 2016 Auckland Unitary Plan (AUP) probably the most ambitious zoning reform in the world. Parcels zoned for single houses previously dominated Auckland, but three-quarters of them now allow multiple units. Existing studies have…
The paradox of airbnb, crime and house prices: A reconciliation
While in many housing studies, Airbnb is evidenced to be a demand driver that leads to a positive effect on property rents and prices, it is also argued that such tourist accommodation in a neighbourhood causes an increase in criminal activities that weigh on its property values. How can we reconcile such contradictory arguments? This research note aims to use a difference-in-differences model to empirically disentangle the moderating effect of A…
Are Central Banks’ Monetary Policies the Future of Housing Affordability Solutions
Housing affordability is one of the major social problems in many countries, with some advocates urging governments to provide more accessible mortgages to facilitate more homeownership. However, in recent decades more and more evidence has shown that unaffordable housing is the consequence of monetary policy. Most of the previous empirical studies have been based on econometric analyses, which make it hard to eliminate potential endogeneity bias…
Endowment Effects of Shared Ownership: Evidence from Hong Kong
The endowment effect is a behavioral bias; postulating people demand more to part with an object they own than they would offer to acquire the same object owned by others. Recent experimental research, however, suggests that this effect applies to consumption goods rather than exchange goods. Given that housing is a mix of consumption and exchange goods, it presents a unique opportunity to examine whether the effect exists in the real world throu…
Decoding the work-from-home phenomenon: Insights From Location-Based Service Data
The global pandemic has catalysed a shift in the job market, with remote work evolving from being an option to a widespread practice. This profound change goes beyond a temporary response to an extraordinary crisis; it could potentially mark the beginning of a new era in employment. In this featured graphic, we evaluate and visualise the work-from-home (WFH) trend in Auckland, the most populous metropolis in New Zealand. Applying a modified open-…
Unfolding touristification in retail landscapes: Evidence from rent gaps on high street retail
Touristification is an emerging concept used to enable the understanding of how various stakeholders interfere and transform a neighbourhood through tourist activities. This study develops a touristification rent gap theory to examine how an influx of tourists causes an increase in retail rents. We hypothesise that ceteris paribus, a higher tourist-concentrated area, will have higher demands for tourist-specific goods and services that increase r…
Public perception of flood hazards in the housing market: A revealed preference study of affect heuristics and availability heuristics
The economics of architectural aesthetics: Identifying price effect of urban ambiences by different house cohorts
Although interest in sensory atmospheres and urban ambiences has been growing in urban studies, little is known about the economics of such ambiences. In architecture research, urban atmospheres or ambiences have been studied qualitatively through surveys and interviews. So far, the value of ambience has been focused and quantified only for heritage buildings. However, non-heritage buildings and open spaces also shape urban ambiences, either posi…
The Roles of Microcredit in Informal Housing in the Future—A Case Study in Hong Kong
Microcredit is usually used to support employment, poverty reduction, women empowerment, etc. It is rare to have studies on using microcredit to help residents in informal housing to improve their residential mobility. This study is a novel attempt to explore the roles of microcredit in informal housing in the future by taking Hong Kong as a case study. This study aims to investigate whether microcredit affects the relocation decisions of low-inc…
Responsiveness of sub-divided unit tenants’ housing consumption to income: A study of Hong Kong informal housing
This is the first empirical study of income elasticity of housing demand of low-income households living in sub-divided units (SDUs) of Hong Kong. Housing affordability is commonly measured by either price-to-income ratio (PIR) or rent-to-income ratio (RIR), and the latter method is often found to be relatively stable over time and across countries. We contend that RIR cannot accurately reflect affordability situations because of the income elast…
What matters more, school choices or neighbourhoods? Evidence from a socioeconomic based school zoning
Touristification, Airbnb and the tourism-led rent gap: Evidence from a revealed preference approach
Why House Prices Increase in the Covid-19 Recession: A Five-Country Empirical Study on the Real Interest Rate Hypothesis
There are substantial rebounds in house prices in many developed economies after the outbreak of COVID-19. It provides a special opportunity to test the real interest rate hypothesis empirically as a “synchronized” price rebound implies a common cause of house price hikes across the economies. This study conducts a panel regression analysis on five economies, namely Australia, Canada, European Union, New Zealand, the United Kingdom, and the Unite…
The land governance cost on co-ownership: A study of the cross-lease in New Zealand
Rent determinants of sub-divided units in Hong Kong
The Displacement Risks and Impacts of Hong Kong’s Nonindigenous Villagers: A Grounded Theory Analysis
Land resumption in Hong Kong, which involves involuntary displacement in contemporary development projects, deliberately targets nonindigenous villages, where many residents are landless farmers. In this article, we examine the risks and impacts associated with such displacement of the nonindigenous villagers through a grounded theory approach. Interviews were conducted with nonindigenous villagers who were either in a pre- or in a post-relocatio…
A spatial portfolio theory of household location choice
Intergenerational discounting: A case from Hong Kong
An Empirical Study of the Impact of Income Uncertainty on Private Residential Property Markets in Singapore and Hong Kong
Although many studies have found that unemployment has a negative effect on housing prices, the explanation put forward for this effect, that is, uncertainty over the ability to repay long-term mortgage loans, has not been empirically tested. This paper attempts to empirically test this explanation using a cross-city analysis. Singapore and Hong Kong have been chosen because they are both compact cities and are similar in many aspects. The except…
Improving the environment with an initial government subsidy
The Effects of Expected Transport Improvements on Housing Prices
Improvements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits…
The Effects of Expected Transport Improvements on Housing Prices
Improvements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits…
Rent determinants of sub-divided units in Hong Kong
Touristification, Airbnb and the tourism-led rent gap: Evidence from a revealed preference approach
Responsiveness of sub-divided unit tenants’ housing consumption to income: A study of Hong Kong informal housing
This is the first empirical study of income elasticity of housing demand of low-income households living in sub-divided units (SDUs) of Hong Kong. Housing affordability is commonly measured by either price-to-income ratio (PIR) or rent-to-income ratio (RIR), and the latter method is often found to be relatively stable over time and across countries. We contend that RIR cannot accurately reflect affordability situations because of the income elast…
Unfolding touristification in retail landscapes: Evidence from rent gaps on high street retail
Touristification is an emerging concept used to enable the understanding of how various stakeholders interfere and transform a neighbourhood through tourist activities. This study develops a touristification rent gap theory to examine how an influx of tourists causes an increase in retail rents. We hypothesise that ceteris paribus, a higher tourist-concentrated area, will have higher demands for tourist-specific goods and services that increase r…
Improving the environment with an initial government subsidy
The heterogeneous impacts of widespread upzoning: Lessons from Auckland, New Zealand
Zoning reform is increasingly recognised as an important strategy to increase housing affordability and environmental sustainability. Few cities have undertaken significant upzoning of low-density neighbourhoods, making the 2016 Auckland Unitary Plan (AUP) probably the most ambitious zoning reform in the world. Parcels zoned for single houses previously dominated Auckland, but three-quarters of them now allow multiple units. Existing studies have…
Intergenerational discounting: A case from Hong Kong
Endowment Effects of Shared Ownership: Evidence from Hong Kong
The endowment effect is a behavioral bias; postulating people demand more to part with an object they own than they would offer to acquire the same object owned by others. Recent experimental research, however, suggests that this effect applies to consumption goods rather than exchange goods. Given that housing is a mix of consumption and exchange goods, it presents a unique opportunity to examine whether the effect exists in the real world throu…
Why House Prices Increase in the Covid-19 Recession: A Five-Country Empirical Study on the Real Interest Rate Hypothesis
There are substantial rebounds in house prices in many developed economies after the outbreak of COVID-19. It provides a special opportunity to test the real interest rate hypothesis empirically as a “synchronized” price rebound implies a common cause of house price hikes across the economies. This study conducts a panel regression analysis on five economies, namely Australia, Canada, European Union, New Zealand, the United Kingdom, and the Unite…
The land governance cost on co-ownership: A study of the cross-lease in New Zealand
A spatial portfolio theory of household location choice
An Empirical Study of the Impact of Income Uncertainty on Private Residential Property Markets in Singapore and Hong Kong
Although many studies have found that unemployment has a negative effect on housing prices, the explanation put forward for this effect, that is, uncertainty over the ability to repay long-term mortgage loans, has not been empirically tested. This paper attempts to empirically test this explanation using a cross-city analysis. Singapore and Hong Kong have been chosen because they are both compact cities and are similar in many aspects. The except…
Improving the environment with an initial government subsidy
The Effects of Expected Transport Improvements on Housing Prices
Improvements in transport were commonly found to have a positive effect on the price of housing. As the construction of infrastructure often lasts for years, it is plausible to assume that investors will take expected improvements into consideration when pricing and trading neighbourhood properties. However, there have been few investigations of such effects. This paper is an empirical study of whether premiums were paid for the expected benefits…
Intergenerational discounting: A case from Hong Kong
A spatial portfolio theory of household location choice
Rent determinants of sub-divided units in Hong Kong
The Displacement Risks and Impacts of Hong Kong’s Nonindigenous Villagers: A Grounded Theory Analysis
Land resumption in Hong Kong, which involves involuntary displacement in contemporary development projects, deliberately targets nonindigenous villages, where many residents are landless farmers. In this article, we examine the risks and impacts associated with such displacement of the nonindigenous villagers through a grounded theory approach. Interviews were conducted with nonindigenous villagers who were either in a pre- or in a post-relocatio…
Why House Prices Increase in the Covid-19 Recession: A Five-Country Empirical Study on the Real Interest Rate Hypothesis
There are substantial rebounds in house prices in many developed economies after the outbreak of COVID-19. It provides a special opportunity to test the real interest rate hypothesis empirically as a “synchronized” price rebound implies a common cause of house price hikes across the economies. This study conducts a panel regression analysis on five economies, namely Australia, Canada, European Union, New Zealand, the United Kingdom, and the Unite…
The land governance cost on co-ownership: A study of the cross-lease in New Zealand
Public perception of flood hazards in the housing market: A revealed preference study of affect heuristics and availability heuristics
The economics of architectural aesthetics: Identifying price effect of urban ambiences by different house cohorts
Although interest in sensory atmospheres and urban ambiences has been growing in urban studies, little is known about the economics of such ambiences. In architecture research, urban atmospheres or ambiences have been studied qualitatively through surveys and interviews. So far, the value of ambience has been focused and quantified only for heritage buildings. However, non-heritage buildings and open spaces also shape urban ambiences, either posi…
The Roles of Microcredit in Informal Housing in the Future—A Case Study in Hong Kong
Microcredit is usually used to support employment, poverty reduction, women empowerment, etc. It is rare to have studies on using microcredit to help residents in informal housing to improve their residential mobility. This study is a novel attempt to explore the roles of microcredit in informal housing in the future by taking Hong Kong as a case study. This study aims to investigate whether microcredit affects the relocation decisions of low-inc…
Responsiveness of sub-divided unit tenants’ housing consumption to income: A study of Hong Kong informal housing
This is the first empirical study of income elasticity of housing demand of low-income households living in sub-divided units (SDUs) of Hong Kong. Housing affordability is commonly measured by either price-to-income ratio (PIR) or rent-to-income ratio (RIR), and the latter method is often found to be relatively stable over time and across countries. We contend that RIR cannot accurately reflect affordability situations because of the income elast…
What matters more, school choices or neighbourhoods? Evidence from a socioeconomic based school zoning
Touristification, Airbnb and the tourism-led rent gap: Evidence from a revealed preference approach
The paradox of airbnb, crime and house prices: A reconciliation
While in many housing studies, Airbnb is evidenced to be a demand driver that leads to a positive effect on property rents and prices, it is also argued that such tourist accommodation in a neighbourhood causes an increase in criminal activities that weigh on its property values. How can we reconcile such contradictory arguments? This research note aims to use a difference-in-differences model to empirically disentangle the moderating effect of A…
Are Central Banks’ Monetary Policies the Future of Housing Affordability Solutions
Housing affordability is one of the major social problems in many countries, with some advocates urging governments to provide more accessible mortgages to facilitate more homeownership. However, in recent decades more and more evidence has shown that unaffordable housing is the consequence of monetary policy. Most of the previous empirical studies have been based on econometric analyses, which make it hard to eliminate potential endogeneity bias…
Endowment Effects of Shared Ownership: Evidence from Hong Kong
The endowment effect is a behavioral bias; postulating people demand more to part with an object they own than they would offer to acquire the same object owned by others. Recent experimental research, however, suggests that this effect applies to consumption goods rather than exchange goods. Given that housing is a mix of consumption and exchange goods, it presents a unique opportunity to examine whether the effect exists in the real world throu…
Decoding the work-from-home phenomenon: Insights From Location-Based Service Data
The global pandemic has catalysed a shift in the job market, with remote work evolving from being an option to a widespread practice. This profound change goes beyond a temporary response to an extraordinary crisis; it could potentially mark the beginning of a new era in employment. In this featured graphic, we evaluate and visualise the work-from-home (WFH) trend in Auckland, the most populous metropolis in New Zealand. Applying a modified open-…
Unfolding touristification in retail landscapes: Evidence from rent gaps on high street retail
Touristification is an emerging concept used to enable the understanding of how various stakeholders interfere and transform a neighbourhood through tourist activities. This study develops a touristification rent gap theory to examine how an influx of tourists causes an increase in retail rents. We hypothesise that ceteris paribus, a higher tourist-concentrated area, will have higher demands for tourist-specific goods and services that increase r…
Touristification and retail diversity: Theory and evidence
This study explores the impact of touristification on retail diversity in neighbourhoods, presenting a species-area relationship model to demonstrate how tourism-driven changes can negatively affect local residents by displacing unique local retailers. Empirical regression analysis, using differences-in-difference (DID) models and neighbourhood clustering to define retail areas in Hong Kong, found that tourist-concentrated areas have fewer divers…
The heterogeneous impacts of widespread upzoning: Lessons from Auckland, New Zealand
Zoning reform is increasingly recognised as an important strategy to increase housing affordability and environmental sustainability. Few cities have undertaken significant upzoning of low-density neighbourhoods, making the 2016 Auckland Unitary Plan (AUP) probably the most ambitious zoning reform in the world. Parcels zoned for single houses previously dominated Auckland, but three-quarters of them now allow multiple units. Existing studies have…
Mapping unobserved coopetitions between shopping malls using mobile geolocation data
This study challenges the conventional retail catchment analysis, which typically asserts that proximity is the primary driver of shopping mall patronage. Using mobile geolocation data, we explore the catchment areas for patrons of two major Auckland malls, influenced by both cooperation and competition (known as coopetition) amongst mall and tenants, alongside the actual consumer preferences. By mapping the home-like locations of these mall patr…
Economics (21 works) · Housing Market and Economics (15 works) · Business (11 works) · Geography (9 works) · Economic growth (8 works) · Housing, Finance, and Neoliberalism (8 works) · Microeconomics (8 works) · Finance (7 works) · Public economics (7 works) · Economic and Environmental Valuation (5 works)