The leasehold system as a land management measure to attain sustainable development planning by contract

摘要: Purpose – The purpose of paper is to investigate the institutional features leasehold system Hong Kong, which predicated on freedom contract as an arrangement for land management and planning that promotes sustainable development.Design/methodology/approach approach analytical, using concepts property rights informed by Coasian neo‐institutional economics ideas Yu et al. Schumpeterian process in innovation.Findings It was demonstrated post‐contractual imposition statutory control Kong has adversely affected adaptability achieving sustainability.Research limitations/implications This encourages a reinterpretation zoning areas with reception lease basis innovations help promote development.Practical implications warns against legislative activi...