Showing 21 - 30 of 186
We examine the effect of forward sale (pre-sale) activities on the volatility of spot prices in the real estate market. The abundance of pre-sales data and major changes in regulatory control on the pre-sale market during the 90's in Hong Kong allow us to undertake empirical tests using Hong...
Persistent link: https://www.econbiz.de/10012707287
We examine the effect of forward sale (pre-sale) activities on the volatility of spot prices in the real estate market. The abundance of pre-sales data and major changes in regulatory control on the pre-sale market during the 90's in Hong Kong allow us to undertake empirical tests using Hong...
Persistent link: https://www.econbiz.de/10012755623
Providing affordable housing has become one of China’s key national policy agenda items. The shared-equity model in Hong Kong, implemented since the late 1970s, has assisted many families in owning a home in the public housing market. However, little attention has been paid to their welfare...
Persistent link: https://www.econbiz.de/10014086361
Hong Kong property companies make a significant contribution to the Hong Kong stockmarket and general economy. A key issue is how much of Hong Kong property company performance is attributable to stockmarket performance and how much is attributable to direct property performance. Using a...
Persistent link: https://www.econbiz.de/10010834678
This study investigates how information asymmetry affects the rent and vacancy rate adjust in response to external shocks using empirical data from the Hong Kong office market. We show that information asymmetry about the quality of real estate asset will lead to slower rent adjustments in...
Persistent link: https://www.econbiz.de/10013021181
If carefully planned, urban renewal may play an important role in regenerating a decaying neighborhood and mitigating the negative externality generated by dilapidated buildings in densely populated areas. Despite its potential benefits, in urban areas dominated by high-rise developments, urban...
Persistent link: https://www.econbiz.de/10013036923
This study investigates how information asymmetry affects the rent and vacancy rate adjust in response to external shocks using empirical data from the Hong Kong office market. We show that information asymmetry about the quality of real estate asset will lead to slower rent adjustments in...
Persistent link: https://www.econbiz.de/10012988341
Real estate flippers earn higher returns than average traders in the market. By intensively searching for dumb buyers or sellers, they buy-low and sell-high to earn a monthly return that is 6.0% higher over the market returns. Their excess returns are dictated by the spread of investors'...
Persistent link: https://www.econbiz.de/10012913046
The significant economic development of China in recent years has seen a major contribution by both the direct and indirect real estate markets in China to this enhanced international economic status, with potential investment opportunities for international real estate investors in both of...
Persistent link: https://www.econbiz.de/10013105991
We estimate the market value of clean air by examining the impact of air pollution on property prices. We use a three-dimensional Reynolds-stress turbulence model to simulate the air pollution level of each housing unit in high-rise buildings located in a small, densely populated area of Hong...
Persistent link: https://www.econbiz.de/10013106607