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Home > Business and Economics > Business and Management > Management and management techniques > How Does Privatization of Public Properties Affect Society?: The Case of the Link Reit
How Does Privatization of Public Properties Affect Society?: The Case of the Link Reit

How Does Privatization of Public Properties Affect Society?: The Case of the Link Reit


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About the Book

This dissertation, "How Does Privatization of Public Properties Affect Society?: the Case of the Link REIT" by Yin-sing, Christopher, Li, 李彥昇, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Privatization refers to the shift of ownership of a property or service from the public sector to the private sector. It has often been used as a technique to increase the efficiency, release the costs of operations and generate income from selling off the assets. Privatizing the public properties will affect the society in different ways, both positively and negatively. There are many examples of privatization of public properties around the globe and in Hong Kong. For people in Hong Kong, privatizing the commercial properties of Hong Kong Housing Authority (HKHA) by The Link Real Estate Investment Trust (The Link REIT) in November 2005 would be the latest and most well-known example of privatization of public properties and the case will be further studied in this research in order to find out the effects on the society which are caused by the privatization of public properties. The properties which are now owned by The Link REIT are divided into three groups according to their size, and one shopping centres will be picked randomly from each group. The nearest HKHA shopping centres to the three selected The Link REIT shopping centres will be picked as comparisons. Questionnaire, interviews and goods prices comparisons will take places in those shopping centres. Findings from the research have proved that there are different impacts on the shoppers and tenants of the privatized shopping centres when comparing to those shopping centres still owned by HKHA. Some of the differences are positive while some are negative. These differences mainly occur on the environment, property management, rent level and prices level. As expected, the management of The Link REIT shopping centres has better comment but the shoppers and tenants are not pleased with the prices level and rent level. On the other hand, the financial status of HKHA before and after The Link REIT's privatization has also been studied in this research and it proves that selling off the commercial properties to The Link REIT did help HK.HA to overcome the financial difficulty. It is believed that the negative impacts are the "side effect" of privatization which could not be really eliminated, but should be able to mitigate. Hence, several recommendations have been made which are mainly about improving the public relations between The Link REIT and the public as well as the way the company adjusts the rent level. ii DOI: 10.5353/th_b4834281 Subjects: Privatization - China - Hong Kong Shopping centers - China - Hong Kong - Management


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Product Details
  • ISBN-13: 9781361293119
  • Publisher: Open Dissertation Press
  • Publisher Imprint: Open Dissertation Press
  • Height: 279 mm
  • No of Pages: 116
  • Sub Title: The Case of the Link Reit
  • Width: 216 mm
  • ISBN-10: 136129311X
  • Publisher Date: 26 Jan 2017
  • Binding: Hardback
  • Language: English
  • Spine Width: 8 mm
  • Weight: 562 gr


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