The past decade has witnessed the rapid growth in Islamic banking and finance market making it one of the fastest growing financial niche markets globally. According to the UK Financial Services Authority this is estimated to be worth between $200bn to $500bn worldwide. In the aftermath of 9/11...

Tall buildings are a common building typology within most major cities and they are representative of the outward signs of globalisation, capitalism and wealth. This visual imagery has become an important selling point for cities seeking a competitive advantage. Similarly, global investment...

Successive reforms on land use rights, mortgage finance and privatisation of the social housing stock to sitting tenants coupled with large scale housing shortage particularly in urban areas due to in-migration and rapidly rising incomes has led to the massive growth of the private housing...

Over the years China has made tremendous success in using its land resources and the property market to promote production and economic growth. In 2002 China became the largest destination for foreign direct investment, most of which was in manufacturing. Coupled with huge domestic investment in...

The property-led urban development model, conceptualised by Cao and Keivani (2007), has been a paramount impetus for Chinaís robust prosperity over the past 30 years. Nevertheless, the defects of such model are inclined to swell. Problems in environmental, social and economic arenas have...

World Bank policy plays a significant role in shaping international housing and urban policy including that of UNCHS, development arms of western governments and international consultants (Keivani and Werna, 2001a and Baken and van der Lindern, 1993). In addition while the degree to which...

Using individual residential ARM mortgage data in Singapore, this study finds a low prepayment rate, which is influenced predominantly by macroeconomic factors than mortgage-specific factors. Specifically, the prepayment rate is increasing in residential property prices, but declining in income...

ERES:conference

The auction mechanism has become an increasingly popular mechanism for price discovery where sellers seek to evaluate market interest. The winner's curse is a well established phenomenon associated with overbidding at auctions. However, auctioned properties could either be sold at the auction or...