ERES:conference

Property is a significant asset in the balance sheets of some Singapore industrial|commerce firms and hotel corporations. In this research, we take on the task of examining the relationship between real estate and stock market valuation of these business firms from an asset pricing perspective....

This paper assesses the significance, risk‐adjusted performance and portfolio diversification benefits of the listed property securities markets in the Asian international financial centres (IFCs) of Tokyo, Singapore and Hong Kong over January 1998 -- March 2008, contrasting this performance...