Lennon H T Choy
Biographic Data
| ID | 6010781 |
|---|---|
| NAME | Lennon H T Choy |
| GIVEN NAMES | Lennon H T |
| FAMILY NAME | Choy |
| SIGNATURE | CHOY L H T |
| AFFILIATIONS | Hong Kong Polytechnic University |
| ORCID | 0000-0001-5690-9334 |
| VERIFIED | Yes |
| TOTAL WORKS | 25 |
| TOTAL CITATIONS | 190 |
| AUTHOR COUNT | 25 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 7 |
The hidden cost of uncertainty
This study examines how economic and political policy uncertainty influences industrial land development delays, focusing on Shanghai, a city with a highly decentralized land market and frequent institutional innovations. The analysis adopts the real option framework to treat vacant land as an option to develop. Policy uncertainty is measured over a continuous period and classified into economic policy uncertainty (EPU) at the national level and …
Covid-19 and housing
Land management of paths in the countryside
Pro profits or non-profits? A principal-agent model for analyzing public sector planning decisions and empirical results from planning applications in Hong Kong
A centennial literature review (1919–2019) of research publications on land readjustment from a neo-institutional economic perspective
Examining informal housing supply through rent gap analysis
Institutional arrangements for urban conservation
Institutional innovations in land development and planning in the 20th and 21st centuries
Building a low carbon China through Coasean bargaining
This study explores how an institutional innovation in the 20th Century – Coasean bargaining - could contribute to build a low carbon China in the 21st Century. China has surpassed all nations and become the world's largest emitter of CO2 since 2007. A time-series analysis has revealed that crude oil and coal consumption, inter alia, are the primary factors contributing to the variations in CO2 emissions in China. To honour China's commitments in…
Evolving institutions to tackle asymmetrical information problems in the housing market
The phenomenon of floor area ‘shrinkage’ of newly completed units has long been a hot debate issue in Hong Kong's housing market. Prior to the enactment of the Residential Properties (First-hand Sales) Ordinance in April 2013, news reports had revealed that the actual useable areas of some presales housing units only accounted for 50% of the gross floor areas proclaimed in the sales brochures. Notwithstanding the alarming situation, ‘shrinkage’ o…
Property rights and housing prices
The role of higher education in China's inclusive urbanization
Village-led land development under state-led institutional arrangements in urbanising China
As a unique phenomenon of urbanisation in China, the emergence of urban villages has attracted considerable attention from the academic community. Adopting an institutional approach on land development, this study analyses how the land property rights regime affects village-led land development behaviours and spatial outcomes in urban villages. Using a set of reliable data from Shenzhen, the empirical study shows that, although unequal land right…
On FDI-led growth and the price of residential properties in Guangdong
Current research on low-carbon cities and institutional responses
Toward a low carbon Hong Kong
How transaction costs affect real estate developers entering into the building energy efficiency (BEE) market
Economic performance of industrial development on collective land in the urbanization process in China
Region-specific Estimates of the Determinants of Real Estate Investment in China
This paper utilises a reduced-form equilibrium model to investigate the possible sources of real estate investment differentials among 22 provinces, five autonomous regions and four municipalities of the People’s Republic of China. The model is estimated using panel data from 2001 to 2006, yielding a total of 186 observations. Specifically, empirical results suggest that demographic, economic and planning factors are the major determinants to cau…
Central–local conflict and property cycle
Quantile Regression Estimates of Hong Kong Real Estate Prices
Linear regression is a statistical tool used to model the relation between a set of housing characteristics and real estate prices. It estimates the mean value of the response variable, given levels of the predictor variables. The quantile regression approach complements the least squares by identifying how differently real estate prices respond to a change in one unit of housing characteristic at different quantiles, rather than estimating the c…
Modeling Hong Kong real estate prices
Privatization, housing conditions and affordability in the People's Republic of China
Modelling planning control decisions
Certainty and Discretion in Planning Control
Hong Kong's planning control system entails a framework of statutory zoning plans and a discretionary permission process. Through examining past planning decisions on urban office development applications between 1988 and 1997, this paper explores whether this 'hybrid' system provides both certainty for development capital and flexibility in administrative control. Our study concludes that the Hong Kong system offers considerable certainty, altho…
Economic performance of industrial development on collective land in the urbanization process in China
Privatization, housing conditions and affordability in the People's Republic of China
Village-led land development under state-led institutional arrangements in urbanising China
As a unique phenomenon of urbanisation in China, the emergence of urban villages has attracted considerable attention from the academic community. Adopting an institutional approach on land development, this study analyses how the land property rights regime affects village-led land development behaviours and spatial outcomes in urban villages. Using a set of reliable data from Shenzhen, the empirical study shows that, although unequal land right…
Property rights and housing prices
Central–local conflict and property cycle
Modelling planning control decisions
Certainty and Discretion in Planning Control
Hong Kong's planning control system entails a framework of statutory zoning plans and a discretionary permission process. Through examining past planning decisions on urban office development applications between 1988 and 1997, this paper explores whether this 'hybrid' system provides both certainty for development capital and flexibility in administrative control. Our study concludes that the Hong Kong system offers considerable certainty, altho…
Quantile Regression Estimates of Hong Kong Real Estate Prices
Linear regression is a statistical tool used to model the relation between a set of housing characteristics and real estate prices. It estimates the mean value of the response variable, given levels of the predictor variables. The quantile regression approach complements the least squares by identifying how differently real estate prices respond to a change in one unit of housing characteristic at different quantiles, rather than estimating the c…
Modeling Hong Kong real estate prices
Institutional innovations in land development and planning in the 20th and 21st centuries
Toward a low carbon Hong Kong
Region-specific Estimates of the Determinants of Real Estate Investment in China
This paper utilises a reduced-form equilibrium model to investigate the possible sources of real estate investment differentials among 22 provinces, five autonomous regions and four municipalities of the People’s Republic of China. The model is estimated using panel data from 2001 to 2006, yielding a total of 186 observations. Specifically, empirical results suggest that demographic, economic and planning factors are the major determinants to cau…
The role of higher education in China's inclusive urbanization
How transaction costs affect real estate developers entering into the building energy efficiency (BEE) market
Current research on low-carbon cities and institutional responses
Evolving institutions to tackle asymmetrical information problems in the housing market
The phenomenon of floor area ‘shrinkage’ of newly completed units has long been a hot debate issue in Hong Kong's housing market. Prior to the enactment of the Residential Properties (First-hand Sales) Ordinance in April 2013, news reports had revealed that the actual useable areas of some presales housing units only accounted for 50% of the gross floor areas proclaimed in the sales brochures. Notwithstanding the alarming situation, ‘shrinkage’ o…
A centennial literature review (1919–2019) of research publications on land readjustment from a neo-institutional economic perspective
Building a low carbon China through Coasean bargaining
This study explores how an institutional innovation in the 20th Century – Coasean bargaining - could contribute to build a low carbon China in the 21st Century. China has surpassed all nations and become the world's largest emitter of CO2 since 2007. A time-series analysis has revealed that crude oil and coal consumption, inter alia, are the primary factors contributing to the variations in CO2 emissions in China. To honour China's commitments in…
Examining informal housing supply through rent gap analysis
Institutional arrangements for urban conservation
Modelling planning control decisions
Certainty and Discretion in Planning Control
Hong Kong's planning control system entails a framework of statutory zoning plans and a discretionary permission process. Through examining past planning decisions on urban office development applications between 1988 and 1997, this paper explores whether this 'hybrid' system provides both certainty for development capital and flexibility in administrative control. Our study concludes that the Hong Kong system offers considerable certainty, altho…
Modeling Hong Kong real estate prices
Privatization, housing conditions and affordability in the People's Republic of China
Quantile Regression Estimates of Hong Kong Real Estate Prices
Linear regression is a statistical tool used to model the relation between a set of housing characteristics and real estate prices. It estimates the mean value of the response variable, given levels of the predictor variables. The quantile regression approach complements the least squares by identifying how differently real estate prices respond to a change in one unit of housing characteristic at different quantiles, rather than estimating the c…
Central–local conflict and property cycle
Region-specific Estimates of the Determinants of Real Estate Investment in China
This paper utilises a reduced-form equilibrium model to investigate the possible sources of real estate investment differentials among 22 provinces, five autonomous regions and four municipalities of the People’s Republic of China. The model is estimated using panel data from 2001 to 2006, yielding a total of 186 observations. Specifically, empirical results suggest that demographic, economic and planning factors are the major determinants to cau…
On FDI-led growth and the price of residential properties in Guangdong
Current research on low-carbon cities and institutional responses
Toward a low carbon Hong Kong
How transaction costs affect real estate developers entering into the building energy efficiency (BEE) market
Economic performance of industrial development on collective land in the urbanization process in China
Property rights and housing prices
The role of higher education in China's inclusive urbanization
Village-led land development under state-led institutional arrangements in urbanising China
As a unique phenomenon of urbanisation in China, the emergence of urban villages has attracted considerable attention from the academic community. Adopting an institutional approach on land development, this study analyses how the land property rights regime affects village-led land development behaviours and spatial outcomes in urban villages. Using a set of reliable data from Shenzhen, the empirical study shows that, although unequal land right…
Institutional arrangements for urban conservation
Institutional innovations in land development and planning in the 20th and 21st centuries
Building a low carbon China through Coasean bargaining
This study explores how an institutional innovation in the 20th Century – Coasean bargaining - could contribute to build a low carbon China in the 21st Century. China has surpassed all nations and become the world's largest emitter of CO2 since 2007. A time-series analysis has revealed that crude oil and coal consumption, inter alia, are the primary factors contributing to the variations in CO2 emissions in China. To honour China's commitments in…
Evolving institutions to tackle asymmetrical information problems in the housing market
The phenomenon of floor area ‘shrinkage’ of newly completed units has long been a hot debate issue in Hong Kong's housing market. Prior to the enactment of the Residential Properties (First-hand Sales) Ordinance in April 2013, news reports had revealed that the actual useable areas of some presales housing units only accounted for 50% of the gross floor areas proclaimed in the sales brochures. Notwithstanding the alarming situation, ‘shrinkage’ o…
A centennial literature review (1919–2019) of research publications on land readjustment from a neo-institutional economic perspective
Examining informal housing supply through rent gap analysis
Pro profits or non-profits? A principal-agent model for analyzing public sector planning decisions and empirical results from planning applications in Hong Kong
Covid-19 and housing
Land management of paths in the countryside
The hidden cost of uncertainty
This study examines how economic and political policy uncertainty influences industrial land development delays, focusing on Shanghai, a city with a highly decentralized land market and frequent institutional innovations. The analysis adopts the real option framework to treat vacant land as an option to develop. Policy uncertainty is measured over a continuous period and classified into economic policy uncertainty (EPU) at the national level and …
Economics (19 works) · Business (18 works) · Political science (15 works) · Housing Market and Economics (14 works) · China (11 works) · Geography (8 works) · Economic growth (7 works) · Finance (7 works) · Engineering (6 works) · Law (6 works)