Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223365
Title: THE IMPACT OF AIRBNB ON HOUSING PRICES IN HONG KONG
Authors: LI JIALIN
Keywords: Department of Real Estate
Airbnb
Hong Kong housing market
Hong Kong
RE
Real Estate
Housing price
Qin Yu
2017/2018 RE
Issue Date: 1-Jun-2018
Citation: LI JIALIN (2018-06-01). THE IMPACT OF AIRBNB ON HOUSING PRICES IN HONG KONG. ScholarBank@NUS Repository.
Abstract: Since its founding in 2009, Airbnb has grown into one of the most successful and representative disruptive start-ups in the world, operating in 34,000 cities and 191 countries. However, there has been a growing controversy about the side effects Airbnb might have in recent years, concerning tax, legal, community and housing issues. One aspect of this controversy is the effect Airbnb might have on house market. This thesis investigates this issue by quantifying its impact on the Hong Kong public housing secondary market. Hong Kong has long faced high property prices and meanwhile, is a popular tourist destination. This thesis uses public housing transaction data in Home Ownership Scheme (HOS) secondary market, and Airbnb data review and listing data from Inside Airbnb, for the period from 2011-2016. An ordinary least squares (OLS) regression model is used to analyses the data. The regression produces significant results indicating that, on average, house prices increase by 7.19% per increase in Airbnb density (number of reviews posted in a 1,000-meter radius around the property) in the period 12 months before the transaction date.
URI: https://scholarbank.nus.edu.sg/handle/10635/223365
Appears in Collections:Bachelor's Theses

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