- Addae-Dapaah, K., Wee, S.G. and Ebrahim, M.S. (2002). Real Estate Portfolio Diversification by Sources of Return. Journal of Real Estate Portfolio Management, 8(1): 1-15.
Paper not yet in RePEc: Add citation now
Akinsomi, O., Mkhabela, N. and Taderera, M. (2018). The Role of MacroEconomic Indicators in Explaining Direct Commercial Real Estate Returns: Evidence from South Africa. Journal of Property Research, 35(1): 28-52.
Aveline-Dubach, N. (2020). The Financialization of Rental Housing in Tokyo.
- Bao, H.X.H. and Mok, D.K.C. (2020). A Link between East and West: How the Guangzhou-Shenzhen-Hong Kong Express Rail Link Affects Property Prices in Hong Kong. International Real Estate Review, 23(3): 993-1021.
Paper not yet in RePEc: Add citation now
Campbell, J.Y. and Shiller, R.J. (1988). The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors. The Review of Financial Studies, 1(3): 195-228.
Campbell, S D, Davis, M A, Gallin, J, et al. (2009). What moves housing markets: A variance decomposition of the rent–price ratio. Journal of Urban Economics, 66(2): 90-102.
Cannon, S, Miller, N G, Pandher, G S. (2006). Risk and return in the US housing market: A cross‐sectional asset‐pricing approach. Real Estate Economics, 34(4): 519-552.
- Chambers, D., Spaenjers, C. and Steiner, E. (2019). The Rate of Return on Real Estate: Long-Run Micro-Level Evidence. Available at SSRN 3407236.
Paper not yet in RePEc: Add citation now
- Chau K. (1997). Political uncertainty and the real estate risk premiums in Hong Kong[J]. Journal of Real Estate Research,, 13(3): 297-315.
Paper not yet in RePEc: Add citation now
Chau, K. (1997). Political Uncertainty and the Real Estate Risk Premiums in Hong Kong. Journal of Real Estate Research, 13(3): 297-315.
- Chau, K., Wong, S., You, C, and Leung, H. (2005). Real Estate Price Indices in Hong Kong. Journal of Real Estate Literature, 13(3): 337-356.
Paper not yet in RePEc: Add citation now
Chau, K.W. and Brown, G. (1997). Excess Returns in the Hong Kong Commercial Property Market. Journal of Real Estate Research, 14(2).
- Chau, K.W. and Wong, S.K. (2016). Information Asymmetry and the Rent and Vacancy Rate Dynamics in the Office Market. The Journal of Real Estate Finance and Economics, 53(2): 162-183.
Paper not yet in RePEc: Add citation now
Chau, K.W., MacGregor, B.D. and Schwann, G.M. (2001) Price Discovery in the Hong Kong Real Estate Market. Journal of Property Research, 18(3): 187216.
- Cheng, P. (2005). Asymmetric Risk Measures and Real Estate Returns. The Journal of Real Estate Finance and Economics, 30(1): 89-102.
Paper not yet in RePEc: Add citation now
Chervachidze, S. and Wheaton, W. (2013). What Determined the Great Cap Rate Compression of 2000–2007, and the Dramatic Reversal during the 2008– 2009 Financial Crisis? The Journal of Real Estate Finance and Economics, 46(2): 208-231.
- Choy, L.H.T., Ho, W.K.O. and Mak, S.W.K. (2012). Housing Attributes and Hong Kong Real Estate Prices: A Quantile Regression Analysis. Construction Management and Economics, 30(5): 359-366.
Paper not yet in RePEc: Add citation now
- Choy, L.H.T., Mak, S.W.K. and Ho, W.K.O. (2007) Modeling Hong Kong real estate prices. Journal of Housing and the Built Environment, 22(4): 359-368.
Paper not yet in RePEc: Add citation now
Eichholtz, P., Straetmans, S. and Theebe, M. (2012). The Amsterdam Rent Index: The Housing Market and the Economy, 1550–1850. Journal of Housing Economics, 21(4): 269-282.
Engel, C. and West, K.D. (2005). Exchange Rates and Fundamentals. Journal of Political Economy, 113(3): 485-517.
Gholipour, H. F. Al-Mulali, U. and Mohammed, A.H. (2014). Foreign Investments in Real Estate, Economic Growth and Property Prices: Evidence from OECD Countries. Journal of Economic Policy Reform, 17(1): 33-45.
He, L.T., Myer, F.C.N. and Webb, J.R. (1998). The Impacts of Tiananmen Square Events on Hong Kong Real Estate and Non-Real Estate Wealth. The Journal of Real Estate Finance and Economics, 16(3): 289-299.
Hoesli, M., Lizieri, C. and MacGregor, B. (2008). The Inflation Hedging Characteristics of US and UK Investments: A Multi-Factor Error Correction Approach. The Journal of Real Estate Finance and Economics, 36(2): 183-206.
Jadevicius, A., Huston, S., Baum, A., and Butler, A. (2018). Two Centuries of Farmland Prices in England. Journal of Property Research, 35(1): 72-94.
Ke, Q. and White, M. (2009). An Econometric Analysis of Shanghai Office Rents. Journal of Property Investment & Finance, 27: 120-139 Kim, J.R. and Lim, G. (2016) Fundamentals and Rational Bubbles in the Korean Housing Market: A Modified Present-Value Approach. Economic Modelling, 59: 174-181.
Kohlert D. (2010). The Determinants of Regional Real Estate Returns in the United Kingdom: A Vector Error Correction Approach. Journal of Property Research, 27(1): 87-117.
- Lai, R.N. and Van Order, R.A. (2018). A Tale of Two Countries: Comparing the US and Chinese Housing Markets. The Journal of Real Estate Finance and Economics, 2018: 1-43.
Paper not yet in RePEc: Add citation now
- Lam, C.H.L. and Hui, E.C.M. (2018) How Does Investor Sentiment Predict the Future Real Estate Returns of Residential Property in Hong Kong? Habitat International, 75: 1-11.
Paper not yet in RePEc: Add citation now
Leung, C.K.Y. and Tang, E.C.H. (2015). Speculating China Economic Growth Through Hong Kong? Evidence from the Stock Market IPO and Real Estate Markets. International Real Estate Review, 18(1): 45-87.
Leung, C.K.Y., Ng, J.C.Y. and Tang, E.C.H. (2020). What Do We Know About Housing Supply? The Case of Hong Kong SAR. Economic and Political Studies, 8(1): 6-20.
- Li, X, Hui, E.C.M. and Shen, J. (2020). The Consequences of Chinese Outward Real Estate Investment: Evidence from Hong Kong Land Market. Habitat International, 98: 102151.
Paper not yet in RePEc: Add citation now
Lin, Y.C., Lee, C.L. and Newell, G. (2019) The Significance of Residential REITs in Japan as an Institutionalised Property Sector. Journal of Property Investment & Finance, 37(4): 363-379 Liu, R., Hui, E.C., Lv, J. and Chen, Y. (2017). What Drives Housing Markets: Fundamentals or Bubbles? The Journal of Real Estate Finance and Economics, 55(4): 395-415.
Lizieri, C., Satchell, S. and Wongwachara, W. (2012). Unsmoothing Real Estate Returns: A Regime‐Switching Approach. Real Estate Economics, 40(4): 775807.
Lizieri, C., Satchell, S. and Zhang, Q. (2007). The Underlying Return‐ Generating Factors for REIT Returns: An Application of Independent Component Analysis. Real Estate Economics, 35(4): 569-598.
- Lorenz, D. and Trück, S. (2008). Risk and return in European property markets: an empirical investigation. Journal of European Real Estate Research, 1(3): 235-253 Mak, S., Choy, L. and Ho, W. (2010). Quantile Regression Estimates of Hong Kong Real Estate Prices. Urban Studies, 47(11): 2461-2472.
Paper not yet in RePEc: Add citation now
Melser, D. and Hill, R.J. (2019). Residential Real Estate, Risk, Return and Diversification: Some Empirical Evidence. The Journal of Real Estate Finance and Economics, 59(1): 111-146.
Mintah, K., Wong, W.W. and Wong, P.Y. (2020). Cross Border Real Estate Investments and Commercial Office Property Market Performance: Evidence from Australia. International Real Estate Review, 23(2): 837-860.
Newell, G. and Chau, K.W. (1996). Linkages Between Direct and Indirect Property Performance in Hong Kong. Journal of Property Finance, 7(4): 9-30 Hui, E.C.M., You, C.Y. and Yau, Y. (2007). Retail Properties in Hong Kong: A Rental Analysis. Journal of Property Investment & Finance, 25(2): 136-146 Peng, L. (2016). The Risk and Return of Commercial Real Estate: A Property Level Analysis. Real Estate Economics, 44(3): 555-583.
- Raymond, Y.C. (1997) An Application of the ARIMA Model to Real Estate Prices in Hong Kong. Journal of Property Finance, 8(2): 52-163 Raymond, Y.C. (2001). Impact of Comprehensive Development Zoning on Real Estate Development in Hong Kong. Land Use Policy, 18(4): 321-328.
Paper not yet in RePEc: Add citation now
- Real Estate Return in HK and Its Determinants 131 Cvijanović, D. and Spaenjers, C. (2020). “We’ll Always Have Paris”: Out-ofCountry Buyers in the Housing Market. Management Science, 2020. https://doi.org/10.1287/mnsc.2020.3686 Eichholtz, P., Korevaar, M., Lindenthal, T and Tallec, R. (2020) The Total Return and Risk to Residential Real Estate. Available at SSRN 3549278.
Paper not yet in RePEc: Add citation now
- Real Estate Return in HK and Its Determinants 133 Milcheva, S. (2020). Volatility and the Cross-Section of Real Estate Equity Returns during COVID-19. Available at SSRN 3599211.
Paper not yet in RePEc: Add citation now
- Sagi, J.S. (2017). Asset-Level Risk and Return in Real Estate Investments. Available at SSRN 2596156.
Paper not yet in RePEc: Add citation now
Schwann, G.M. and Chau, K.W. (2003). News Effects and Structural Shifts in Price Discovery in Hong Kong. The Journal of Real Estate Finance and Economics, 27(2): 257-271.
- Tay, R., Lau, C. and Leung, M. (1999). The Determination of Rent in Shopping Centers: Some Evidence from Hong Kong. Journal of Real Estate Literature, 7(2): 183-196.
Paper not yet in RePEc: Add citation now
- Tse R Y C. (1996). Housing return and the determinants of the capitalization rate: with reference to Hong Kong. Journal of Property Research, 13(2): 115129.
Paper not yet in RePEc: Add citation now
- Tse, R.Y.C. (2001). Impact of Property Prices on Stock Prices in Hong Kong. Review of Pacific Basin Financial Markets and Policies, 4(01): 29-43.
Paper not yet in RePEc: Add citation now
- UBS. (2020). UBS Global Real Estate Bubble Index. Retrieved from https://www.ubs.com/global/en/wealth-management/chief-investmentoffice /life-goals/real-estate/2020/global-real-estate-bubble-index.html UBS. (2017). UBS Global Real Estate Bubble Index. Zurich. Retrieved from https://www.ubs.com/global/en/wealth-management/chief-investmentoffice /life-goals/real-estate.html 134 Wang and Hartzell Walters, M. (2002). Transaction Costs of Collective Action in Hong Kong High Rise Real Estate. International Journal of Social Economics, 29: 299-314 Wang S., Hartzell D. (2021). What influences real estate volatility in Hong Kong? An ARMA-GARCH approach. International Journal of Housing Markets and Analysis.
Paper not yet in RePEc: Add citation now
Wang, K., Zhou, Y., Chan, S.H. and Chau, K.W. (2000). Over-Confidence and Cycles in Real Estate Markets: Cases in Hong Kong and Asia. International Real Estate Review, 3(1): 93-108.
- Wetzstein, S. (2017). The Global Urban Housing Affordability Crisis. Urban Studies, 54(14): 3159-3177.
Paper not yet in RePEc: Add citation now
White, M. and Ke, Q. (2014). Investigating the Dynamics of, and Interactions between, Shanghai Office Submarkets. Journal of Property Research, 31(1): 26-44.
Wong, S.K., You, C.Y., Tse, M.K.S. and Chau, K.W. (2006). Do the Forward Sales of Real Estate Stabilize Spot Prices? The Journal of Real Estate Finance and Economics, 32(3): 289-304.
Yiu, M S, Yu, J. Jin L. (2013). Detecting bubbles in Hong Kong residential property market. Journal of Asian Economics, 28: 115-124. Appendices