REAL STATE DEVELOPMENT ASSOCIATED TO RAIL RAPID TRANSIT LINES. The Hong Kong case

Abstract

This article describes the real estate and commercial development strategies practiced by MTR Corporation Limited and the boundary conditions that constitute its success factors. MTR is the leading public transportation operator in Hong Kong, China and is internationally recognized for its expertise in implementing and managing real estate businesses associated with the operation of metro systems. It leverages the synergy between its diverse activities to generate significant financial results, which are used to finance the growth of the MTR network, allowing the implementation of new lines without significant government investments. Based on research confirmed by various authors, it is possible to affirm that the implementation of metro networks causes significant real estate appreciation around the stations. The hypothesis supporting this research is that MTR's strategies, properly adjusted to local conditions, can be replicated in other cities, contributing to accelerate the expansion of their transport networks.

Keywords: Urban mobility, rail rapid transit network, subway, land value capture LVC.