IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v17y2000i3p221-240.html
   My bibliography  Save this article

Institutional economics and property strata title -- a survey and case study

Author

Listed:
  • Megan Walters
  • Paul Kent

Abstract

Hong Kong uses a common law ownership system for property held in multiple ownership. Many problems have arisen with the process of managing high rise multiple ownership property resulting in dilapidated, unsafe buildings. The Government is considering changing the ownership method to a statutory system, such as a strata or condominium title system as a way of resolving some of the management difficulties. Using an institutional economic framework this paper considers whether changing the ownership system will alter people's behaviour and reduce management problems. The framework draws on theory developed from the problems of collective choice action and the management of common pool resources. The paper concludes that the existing common law system fails to take account of the innate difficulty of rational self-interested individuals acting for their collective good, without some central authority to provide management. This would be provided in a statutory system such as a condominium or strata title system.

Suggested Citation

  • Megan Walters & Paul Kent, 2000. "Institutional economics and property strata title -- a survey and case study," Journal of Property Research, Taylor & Francis Journals, vol. 17(3), pages 221-240, January.
    • Handle: RePEc:taf:jpropr:v:17:y:2000:i:3:p:221-240
    DOI: 10.1080/09599910050119994
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599910050119994
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599910050119994?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yung Yau & Daniel Ho & Kwong Chau, 2008. "Determinants of the Safety Performance of Private Multi-storey Residential Buildings in Hong Kong," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 89(3), pages 501-521, December.
    2. Maria Trojanek & Marcin Anholcer & Audrius Banaitis & Radoslaw Trojanek, 2018. "A Generalised Model of Ground Lease Pricing," Sustainability, MDPI, vol. 10(9), pages 1-21, September.
    3. Yung Yau, 2018. "Tripartite Efficacy Beliefs and Homeowner Participation in Multi-Owned Housing Governance," Sustainability, MDPI, vol. 10(9), pages 1-17, September.
    4. Wei Gao & Daniel Chi Wing Ho, 2011. "Collectivism in Apartment Building Management in Hong Kong," ERES eres2011_154, European Real Estate Society (ERES).
    5. Fang-Ni Chu & Chin-Oh Chang & Tien Foo Sing, 2013. "Collective Action Dilemmas in Condominium Management," Urban Studies, Urban Studies Journal Limited, vol. 50(1), pages 128-147, January.
    6. Yung Yau, 2011. "Willingness to Participate in Collective Action: The Case of Multi-owner Housing Management," ERES eres2011_155, European Real Estate Society (ERES).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpropr:v:17:y:2000:i:3:p:221-240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJPR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.