On joint railway and housing development: Housing-led versus railway-led schemes

Ng, Ka Fai; Lo, Hong Kam

doi:10.1016/j.trb.2017.06.003

Cited by 15 publications

(6 citation statements)

References 28 publications

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“…At the macro level, the housing policy is consistent with social and economic, relates to housing-related needs and pursues certain goals (Zubrzycka-Czarnecka, 2016). Housing policy has thus close links with issues such as the urbanization and demography (Paris, 1995;Mussa et al, 2017); various economic issues (Cerutti et al, 2017;Tang and Coulson, 2017;Ihlanfeldt and Mayock, 2015); land policy ; access to facilities and infrastructure (Fai and Lo, 2017); immigration (Mussa et al, 2017); renovation, improvement and regeneration plans (Munro, 1993); labor force (Zabel, 2012); justice and security of residence (Gooding, 2016); marginalization and informal settlements (Kilgarriff et al, 2019); environment quality (Gooding, 2016); place identity and sense of place (Gustavsson and Elander, 2016); poverty (Ellen et al, 2016); wealth (Berry, 2003); health and education (Rohe and Stegman, 1994); and crime (Horner, 2009). Therefore, key concepts such as the social justice, spatial justice, and recently the right to adequate housing are tied to housing policies that seek to provide decent, adequate and affordable housing for all (in terms of location, quality, dimensions and price) (Iommi, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

The pathology of housing policies in Iran: a criterion-based analysis

Zarghamfard

Ahmad

Murgante

2019

IJHMA

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Purpose Housing policy is a key tool in urban development and has multiple functions that directly affect human welfare. This study aims to review housing policies in Iran from a critical perspective. In fact, the study and pathology of housing policies are considered in this research. Design/methodology/approach To advance this research, a quantitative (fuzzy TOPSIS and fuzzy AHP) method was used to rank the policies and the qualitative method (interview and literature review) was used for the pathology of housing policies. Findings The failure of policies to provide housing in Iran is decisive, but social housing policy has a relative superiority to other policies. Causes of failure of Iranian housing policies are as follows in a pathological perspective: commodification and speculative approach to housing; lake of social and physical sustainability; social stratification and classification; inconsistency with environmental conditions; non-indigenous nature of housing policies; exclusion of local institutions in the decision-making process; and the dominance of a populist perspective on housing. Originality/value This study is a comprehensive study because it has been extracted from the dissertation. By reading this study, the reader will be aware of the general conditions of the Iranian housing sector.

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Section: Literature Reviewmentioning

confidence: 99%

The pathology of housing policies in Iran: a criterion-based analysis

Zarghamfard

Ahmad

Murgante

2019

IJHMA

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“…Railway revenue and the operating cost during the operational period are the functions of D ðτÞ and K ðτÞ . Given Ng and Lo (2017). From the housing developer perspective, the housing developer rental profit can be expressed as…”

Section: Monte Carlo Simulationmentioning

confidence: 99%

“…where R are functions of D ðτÞ and K ðτÞ . Housing revenue and cost functions are skipped for brevity; they are defined in Ng and Lo (2017). A sufficiently large number of simulations are conducted to obtain the cumulative distribution function (CDF) of stakeholders' benefits.…”

Section: Monte Carlo Simulationmentioning

confidence: 99%

“…where CS ðτÞ T is the total consumer surplus at time τ defined in the combined bid-rent and residential choice model (Ng and Lo, 2017).…”

Section: Monte Carlo Simulationmentioning

confidence: 99%

“…The advantages are represented by the parameters assigned to the PPP models, as summarized in Table 3. υ r 4 and υ h 1 are the cost parameters of the railway operation cost and the housing development cost, respectively, as denoted in Ng and Lo (2017).…”

Section: Ppp Models Representationmentioning

confidence: 99%

See 2 more Smart Citations

Robust public-private partnerships for joint railway and property development

Huai

2017

Front. Eng

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The involvement of the private sector in the construction or operation of an infrastructure project may enhance the financial viability of projects, which facilitates the formation of public-private partnership (PPP) for project delivery. PPP exploits the strength of the private sector by shifting certain project risks from the public party to the private sector who can efficiently manage certain risks. In joint railway and housing development, the approach of bundling railway and housing development (R&HD) allows cross-subsidization between immense railway construction cost and profitable housing rental revenue. This approach also provides flexibility in incorporating PPP models by distributing railway and housing revenues and costs and their inherent risks properly to the public and private sectors. Ng and Lo (2015a) developed an evaluation framework for joint railway and property development, which evaluates PPPs based on financial and construction criteria for selecting the best suitable PPP for a particular project. This study, which is based on the framework in Ng and Lo (2015a), aims to examine the robustness of various PPP configurations. This study analyzes the effects of PPP configurations on stakeholders' risks and returns under population or demand growth and railway construction cost uncertainties. The eventual outcome of particular PPP configurations is also examined. This study also seeks to answer the following questions: How would optimal configuration change under highly volatile population and railway construction cost? Are there PPP configurations that are robust to these uncertainties and those that are sensitive to a particular uncertainty? This understanding is critical for managing risks and facilitating the formation of appropriate PPP for R&HD.

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Optimizing the number of employment subcenters to decentralize a congested city

Liu

Huang

et al. 2021

Regional Science and Urban Economics

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On joint railway and housing development: Housing-led versus railway-led schemes

Cited by 15 publications

References 28 publications

The pathology of housing policies in Iran: a criterion-based analysis

The pathology of housing policies in Iran: a criterion-based analysis

Robust public-private partnerships for joint railway and property development

Optimizing the number of employment subcenters to decentralize a congested city

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