Comparative assessment of characteristics influencing the industrial property markets in Sydney and Hong Kong
Susilawati, Connie, Morahan, Brigid, & Yeung, Stanley (2008) Comparative assessment of characteristics influencing the industrial property markets in Sydney and Hong Kong. In Proceedings from the PRRES Conference - 2008, Pacific Rim Real Estate Society , Istana Hotel, Kuala Lumpur.
Industrial property is commonly located in a designated ‘industrial’ precinct. An industrial property has a specific design and a number of services to support industrial activities including manufacture, distribution and transportation. Although it has a unique characteristic, certain industrial factor might operate differently in different countries. The aim of this paper is to provide a comparison between the Sydney and Hong Kong industrial property characteristics and to highlight their similarities and differences. This exploratory research used secondary data to provide background information of government policy and market conditions. Two case studies were use to illustrate similarities, trends, differences and to explore town planning, specific property characteristics including location, design and layout. Then, analyse whether these factors influence the performance and value of an industrial asset. The location of industrial properties varies between each country and depends heavily on infrastructure. It was noted that the town planning restrictions not only vary between markets and cities but also between property lots. The market conditions of both industrial markets were investigated and the supply and demand and rental levels in both cities were distinctly opposite.
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|Item Type:||Conference Paper|
|Additional Information:||The published version of this paper is also available via the Official URL.|
|Keywords:||industrial property, Hong Kong, property markets, Sydney|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)|
|Divisions:||Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering|
Past > Schools > School of Urban Development
|Copyright Owner:||Copyright 2008 Please consult the authors.|
|Deposited On:||24 Nov 2009 12:06|
|Last Modified:||29 Feb 2012 23:45|
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