In market economies, economic issues dictate the viability of building and real estate projects, yet the economic rules of the game for the construction and real estate industries set them apart from the mainstream of economic activity. The development of economic principles in these fields has tended to be pragmatic and largely heuristic, whilst, academic research has been perceived as original and creative. Over the past few decades, the importance of real estate and construction to the achievement of stable market economies has become increasingly apparent: this applies significantly to Hong Kong and, increasingly, to the expanding economic base of the China Mainland. RCCREE contributes to the development of these markets by applying their sophisticated research findings.

BRE is at the forefront of the education of practitioners in the construction and real estate industries and has developed a strong research profile to underpin and strengthen its educational role in the past few years. For example, BRE and RCCREE took the lead in CIB W89 International Conference on Building Education and Research in 2006 in Hong Kong (BEAR 2006). BEAR 2006 provided an interactive platform for building and construction practitioners to share their experience and successful stories, academics and researchers to release their latest findings, as well as government officials and policy makers to gather feedback on their building and construction related policies and approaches.

The rapid development of a wide but cohesive body of research led to the establishment of RCCREE. After secured a critical mass of research activities in the last six years, we have been continuing to develop our research expertise and innovations, and encourage inter-disciplinary research in the light of demonstrating a consistently high international profile that will set RCCREE among the world leaders in the field.

Major Events

From 2000 to 2006, the RCCREE members have organized or served as academic advisory members in the following conferences:

  • International Real Estate Symposium, HKPolyU, May 2000. Project Management Symposium: Impresario of the Construction Industry, Hong Kong, March 2002. Pacific International Conference on Housing Policy and Practice in the Asia-Pacific: Convergence & Divergence, with HKU, July 2002. The International Symposium: Innovation in Construction and Real Estate, with HKPolyU Student Chapter of CIB, September 2003. BRE Confidence Index for Residential Property Price Seminar, with HKIS and RICS, April, 2004. Annual AsiaConstruct Conference, Beijing, PRC, 2002; New Delhi, India, 2003; Sidney, Australia, 2004; Bali, Indonesia, 2005; Hong Kong, PRC, 2006.

  • CIB W89 International Conference on Building Education and Research (BEAR 2006), April 2006, Hong Kong.

Consultancy Projects

RCCREE members have actively participated in providing consultancy services and contract research to the industry. Major contributions include:

  • MTRC's Estate Management, commissioned by the MTRC Estate Management, 2002. A Study of RMC Market Structure, commissioned by the Hong Kong Housing Authority, 2003. A Study of the Employment Opportunities for Planners in the Chinese Mainland, funded by the Commerce, Industry and Technology Bureau of the HKSAR Government and commissioned by the Hong Kong Institute of Planners, 2003. An Integrated Railway-Property Consultancy Study, 2004. A Study of the Demand and Supply of Construction Personnel, commissioned by the Hong Kong Works Bureau, 2004.

  • The Impact of the Hong Kong, Zhuhai, Macau Bridge on the Real Estate Markets, commissioned by the Hong Kong Institute of Surveyors, 2005.

Major Funded Research Projects (Project Sum >= HK$ 200,000)

RCCREE demonstrates her leading role in the profession by performing innovative research. We have a range of research projects that particularly focus on the correlation among the construction industry, real estate market and economic performance in Hong Kong and the China Mainland.

Selected projects are as follows:

Albert P.C. Chan (PI), From attitude to culture - effect of safety climate on construction safety, HK$ 250,000, RGC Direct Allocation, 2003 to 2005.

Albert P.C. Chan (PI), Construction Safety Involving Working at Height for Residential Building Repair and Maintenance, HK$ 600,000, CII-HK & HK PolyU Joint Research Fund, 2005 to 2006.

Yat-Hung Chiang (PI), Public housing construction as agent of technology growth: case of the building industry in Hong Kong, HK$ 413,404, RGC CERG, 2002 to 2005.

Derek S. Drew (PI), Current practices in pricing construction projects, HK$ 200,000, HK PolyU Research Grant, 2001 to 2002.

Derek S. Drew (PI), Measuring the influence of price and quality in two envelope fee tendering competitions, AU$ 4,000, Australian Institute of Quantity Surveyors Research Grant, 2002 to 2003.

Eddie C.M. Hui (PI), Dynamic impact of land supply on population mobility with evidence from Hong Kong, HK$ 467,000, RGC CERG, 2000 to 2004.

Eddie C.M. Hui (PI), Compilation of an independent property price index (the BRE Index) for the Hong Kong residential property market, HK$ 300,000, HK PolyU Research Grant, 2003 to 2005.

Eddie C.M. Hui (PI), Dynamics of cross border residence: China and Hong Kong, HK$ 358,000, RGC CERG, 2003 to 2006.

Eddie C.M. Hui (PI), Housing rehabilitation and redevelopment in the urban renewal process ?a cost benefit analysis in the context of Hong Kong, HK$ 568,000, Public Policy Research Institute (PPRI), HK PolyU, 2005 to 2007.

Bo-Sin Tang (PI), Facilitation or constraint: deciphering land-use development control decisions in Hong Kong, HK$ 435,166, RGC CERG, 2002 to 2005.

Bo-Sin Tang (PI), Land use and transport infrastructure integration between Hong Kong and Pearl River Delta Region, HK$ 500,000, HK PolyU CLU Cross-Departmental Project Fund, 2002 to 2005.

Bo-Sin Tang (PI), Market research study for professional planning services in Mainland China, HK$ 220,000, Hong Kong Institute of Planners, 2003.

Bo-Sin Tang (PI), Study of integrated rail-property development model in HK, HK$ 200,000, MTR Corporate Ltd., HK, 2003 to 2004.

Francis K.W. Wong (PI), Identification of critical factors affecting the communication of safety-related Information between main contractors and sub-contractors in Hong Kong, HK$ 288,029, Occupational Safety & Health Council's Research Grant, 2002 to 2004. Francis K.W. Wong

(PI), Employability of the Hong Kong construction professionals in the Chinese Mainland, HK$ 412,000, Commerce, Industry and Technology Bureau's PSDAS Scheme, 2003 to 2004.

Francis K.W. Wong (PI), Industrialized housing development in Chongqing, China, HK$ 433,404, RGC CERG, 2003 to 2005. Francis K.W. Wong (Project Coordinator), The repair, maintenance and sustainability of the ageing residential building stocks in Hong Kong, HK$ 1,340,900, CII-HK & HK PolyU Joint Research Fund, 2005 to 2006.

Targets in the Upcoming Years

  • Extend our research collaboration with researchers in the Pearl River Delta Region as well as the Asian Region.

  • Invite internationally prominent researchers to share their experience with BRE and RCCREE members.

  • Secure more external research funding in addition to that from the Research Grants Council (RGC). Continue to provide our quality consultancy services to the construction and real estate industries.

  • Analyse government policies and comment on government consultation papers related to construction and real estate.

Last updated: May 06