IDEAS home Printed from https://ideas.repec.org/a/bla/tvecsg/v116y2025i4p477-494.html
   My bibliography  Save this article

Public Housing Neighbourhood Malls and the Real Estate Investment Trust‐Driven Retail Gentrification

Author

Listed:
  • Mingze Bai

Abstract

This article aims to investigate a relatively underexplored aspect in the literature on retail financialisation, namely, retail landlords. It empirically examines a Hong Kong‐based Real Estate Investment Trust (REIT), which is the largest retail landlord in the city's public housing neighbourhoods. The study illustrates the connection between the REIT's pursuit of shareholder value, its rent‐extraction strategies and the resulting retail gentrification. Specifically, the REIT's commitment to delivering shareholder value in the stock market translates locally into the displacement of individual stores and the affordable consumption space. This article argues that, in this particular case, financialisation becomes a mechanism of retail gentrification, as the monopolist retail landlord's relentless pursuit of higher rent ultimately serves the accumulation of finance capital and contradicts local retailers and residents. By focusing on retail gentrification in Hong Kong, this article also contributes to broader debates on planetary gentrification within the context of East Asian urbanism.

Suggested Citation

  • Mingze Bai, 2025. "Public Housing Neighbourhood Malls and the Real Estate Investment Trust‐Driven Retail Gentrification," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 116(4), pages 477-494, September.
    • Handle: RePEc:bla:tvecsg:v:116:y:2025:i:4:p:477-494
    DOI: 10.1111/tesg.70014
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/tesg.70014
    Download Restriction: no
    File URL: https://libkey.io/10.1111/tesg.70014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:tvecsg:v:116:y:2025:i:4:p:477-494. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0040-747X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.