This paper empirically tests the sentiment and ¡§noise¡¨ effects in Singapore REITs (S-REIT) over the periods from January 2005 to December 2010.Our empirical results show that trading volume is significantly and negatively correlated with price to net asset value (P/NAV) premiums in the...

This study examines economic and market factors that drive the demand, supply, and pricing of condominiums in Singapore using a 2-stage least squares regression methodology. This empirical study covers a sample period of 12 years from 1988 to 2000. The condominium housing demand model showed...

This study tests the impact of diversification strategies on the cash flows, expenses, risks and returns of REITs in Asia. Hirschman-Herfindahl indices (HHI) are computed based on 2281 properties owned by 63 sample Asian REITs for the periods from 2002 to 2007 to measure the levels of...