English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 84662/113307 (75%)
造訪人次 : 22338541      線上人數 : 677
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    政大機構典藏 > 學術期刊 > Issues & Studies > 期刊論文 >  Item 140.119/114989
    請使用永久網址來引用或連結此文件: http://nccur.lib.nccu.edu.tw/handle/140.119/114989

    題名: Embedment of “Liquid” Capital into the Built Environment: The Case of REIT Investment in Hong Kong
    關鍵詞: Real estate;securitization;REITs;Hong Kong;property developers
    日期: 2016-12
    上傳時間: 2017-12-04 17:23:08 (UTC+8)
    摘要: Since the Global Financial Crisis, the notion of securitization has become familiar to urban scholars, though research has been limited to mortgage-backed securities. This paper attempts to delineate the distinctive urban outcomes of securitization techniques applied to real estate, taking Hong Kong REITs (H-REITs) as a case study. It examines the way through which liquid H-REIT capital anchors into the built environment, and how this process impacts the life of local communities. The study shows that the urban dynamics of REIT investment contrast with the corporate environment and asset management objectives of the initiator/sponsor groups of H-REIT structures, a set of characteristics that are captured by the notion of “management styles.” Amongst the three management styles identified in the paper, those developed by the Hong Kong family-based groups have not been sufficiently active to produce significant effects on the built environment. In contrast, the Link REIT has an aggressive value enhancement strategy that has reconfigured the social geographies of retail consumption across the whole territory, to the detriment of social housing estate residents. These results support the recognition that the financialization of the built environment tends to exacerbate social polarization and to trigger political conflicts, but they must be weighed against the contingent conditions in which real estate securitization take place.
    關聯: Issues & Studies,52(4), 1640001
    資料類型: article
    DOI 連結: https://doi.org/10.1142/S1013251116400014
    DOI: 10.1142/S1013251116400014
    顯示於類別:[Issues & Studies] 期刊論文


    檔案 描述 大小格式瀏覽次數


    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回饋