This study examines the market integration relationship of the US/Japan/China to establish which market has more influence in Asia-Pacific public real estate markets over the period from January 7, 2005 to December 8, 2017. Market integration is focused from the return correlation, return linear...

Market critics often cited an apparent lack of relationship between corporate performance and stock prices as the main reason for a poor prediction of stock prices. This study attempts to examine whether prices of 15 sample listed property stocks in Singapore reflect their corporate fundamental...

With a sample of 14 developed real estate securities markets during the study period 1993-2008, the main objective of this paper is to investigate market integration using the concepts of risk-return convergence and beta convergence. We find that international developed real estate securities...

This research examines time-varying real estate-stock conditional correlation dynamics at the local, regional, and global levels as well as the general co-movements among the three types of correlations and their relative (real estate/stock) volatilities for a sample of eight Asian and two...

We assess whether a group of eight Asia-Pacific securitized real estate markets display similar volatility trend over the past 15 years, 1995-2009, using an econometric model that incorporates common volatility effects across the sample markets. The empirical results indicate the presence of at...

<title>Abstract</title> Corporate real estate management (CREM) practices in Asia have been a relatively under‐researched area compared with those from Europe and North America. This paper represents an attempt to enhance the current knowledge of CREM in Asia. Part I of this study provides a snapshot of CREM...

<title>Summary</title> The major contribution of this paper is to recognize the possible presence of nonlinear return dependence in six major real estate markets (the US, UK, Japan, Australia, Hong Kong and Singapore) as well the resulting implications on return predictability and market interdependence. We...

The main contribution of this study is to examine the extreme dependence between the real estate securities and stock markets in Australia, China, Hong Kong, Japan, Malaysia, the Philippines, Singapore and Taiwan between January 1995 and March 2011. For each market, we derive time series tail...

The primary contribution of this study is to examine the changes in cross-market relationship in international public property markets from a volatility regime switching perspective from January 1990 to January 2012. We find that global developed public property markets can be adequately...

Purpose – The paper seeks to examine cycles and common cycles in the real estate markets of the UK, Japan, Singapore, Hong Kong and Malaysia using a combination of time domain and frequency domain methods. Design/methodology/approach – The paper identifies the patterns of cyclical movement...