In this paper, we have applied system dynamics to analyse housing development inHong Kong new towns. Because housing development is concerned with many factorssuch as population growth, employment, personal income, gross domestic product andgovernment policies, it is a complex social-economic system that demands systemthinking for its solution. We have constructed a system dynamics model that attemptsto describe housing development in new towns. In this model, the interactions ofvarious factors in urban housing development are taken into consideration. The modelhas been implemented in a computer simulation package named “I think”. Thesimulation provides a trend of future housing development in Hong Kong new towns.These results can assist decision makers produce more appropriate plans for futurehousing development. We found that the application of system dynamics into housingdevelopment is a new and fruitful attempt.
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