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Land Market Contestability in Hong Kong: Sold to the Highest Bidder!  
 
Product Ref: 05/190C Company: N/A

Product Type: Case Industry: Real Estate

Related Product(s): Teaching Note
Under Hong Kong's land tenure system, land is leased to private developers through five channels, with public auction being the most prominent. Given significant outlays of time and capital required for property development, a handful of developers dominate the market, partly reflecting scale economies and successful business strategies. Nonetheless, consistently high profit margins enjoyed by these developers call into question the contestability of the land market.
Functional Area : Economics & Business Policy

Issues: Land market contestability
Length: 15 pages Country: Hong Kong SAR

Pub. Year: 2005 Level of Difficulty: 1
         
This product type is available in the following language(s):      English
         
Related Information: N/A
 
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