K.W. Chau

The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

Chair Professor

Ronald Coase Centre for Property Rights Research

Pokfulam Road

Hong Kong

Hong Kong

  • The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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SCHOLARLY PAPERS

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Scholarly Papers (49)

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1.

A Critical Review of Literature on the Hedonic Price Model

International Journal for Housing Science and Its Applications 27 (2), 145-165, 2003
Number of pages: 18 Posted: 04 Jun 2012 Last Revised: 09 May 2016
K.W. Chau and T. L. Chin
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and affiliation not provided to SSRN
Downloads 2,268 (7,534)
Citation 1

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Hedonic Price Model, Housing Attributes, Locational Attributes, Structural Attributes, Neighbourhood Attributes

2.

Liquidity and Information Asymmetry in the Real Estate Market

Downloads 611 ( 52,836)

Liquidity and Information Asymmetry in the Real Estate Market

Wong, S. K., Yiu, C. Y., & Chau, K. W. (2012). Liquidity and information asymmetry in the real estate market. The Journal of Real Estate Finance and Economics, 45(1), 49-62.
Number of pages: 21 Posted: 21 Jan 2010 Last Revised: 01 May 2015
Siu Kei Wong, Edward Chung Yim Yiu and K.W. Chau
University of Hong Kong, University of Auckland Business School and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 611 (52,177)
Citation 2

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Information asymmetry, price, volume, land value

Liquidity and Information Asymmetry in the Real Estate Market

Journal of Real Estate Finance and Economics, Vol. 45, No. 1, 2012
Posted: 27 Jun 2012
Siu Kei Wong, Edward Chung Yim Yiu and K.W. Chau
University of Hong Kong, University of Auckland Business School and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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Residential mobility, Housing equity constraint, Conditional fixed effects logit model, Loan-to-value ratio, Debt-to-income ratio, Negative equity, Japan, Recourse loan

3.

Externalities of Urban Renewal: A Real Option Perspective

Downloads 544 ( 61,191)
Citation 1

Externalities of Urban Renewal: A Real Option Perspective

Chau, K. W., & Wong, S. K. (2014). Externalities of Urban Renewal: A Real Option Perspective. The Journal of Real Estate Finance and Economics, 48(3), 546-560.
Number of pages: 24 Posted: 08 May 2012 Last Revised: 01 May 2015
K.W. Chau and Siu Kei Wong
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 544 (60,515)
Citation 1

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Externalities of Urban Renewal: A Real Option Perspective

Journal of Real Estate Finance and Economics, Vol. 48, No. 3, 2014
Posted: 25 Mar 2014
K.W. Chau and Siu Kei Wong
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong

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Age effect; Externality; Redevelopment option; Transaction cost; Urban renewal

4.

Housing Bubbles: A Tale of Two Cities

Habitat International 39(3): 8-15, DOI: 10.1016/j.habitatint.2012.10.009
Number of pages: 23 Posted: 19 May 2012 Last Revised: 26 Dec 2012
Hsiao-Jung Teng, Chin-Oh Chang and K.W. Chau
affiliation not provided to SSRN, National Chengchi University (NCCU) - Department of Land Economics and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 383 (93,164)

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freehold, housing bubble, land tenure, leasehold, state-space model

5.

Determining Optimal Building Height

Urban Studies, Vol. 44, No. 3, pp. 591-607
Number of pages: 23 Posted: 01 Apr 2009 Last Revised: 26 Dec 2012
K.W. Chau, Siu Kei Wong, Y. Yau and A.K.C. Cheung
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong, The University of Hong Kong and The University of Hong Kong
Downloads 381 (93,771)
Citation 2

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Hedonic price, Building height, Construction cost, Property price, Hong Kong

6.

Privatization, Land Market and Land Use Conversion in China

Downloads 332 (109,545)
Citation 1

Privatization, Land Market and Land Use Conversion in China

GLOBAL PRIVATIZATION AND ITS IMPACT, Hagen, I. J. and Halvorsen, T. S., ed., Nova Science, New York, pp. 47-59, 2009
Number of pages: 14 Posted: 29 May 2012 Last Revised: 12 Nov 2012
K.W. Chau and Ho Winky
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 174 (206,327)

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Privatization, Land Market, Transitional Economies, China

Agency Theory and Foreclosure Sales of Properties

Journal of Property Science, 1, 1, 16-24, 2008
Number of pages: 10 Posted: 29 May 2012 Last Revised: 12 Aug 2013
K.W. Chau and R. Ng
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and The University of Hong Kong
Downloads 158 (224,219)

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Agency theory, foreclosure, hedonic price model, Hong Kong, residential properties

7.

Let the Buyer or Seller Beware: Measuring Lemons in the Housing Market Under Different Doctrines of Law Governing Transactions and Information

Downloads 152 (124,278)
Citation 1

Let the Buyer or Seller Beware: Measuring Lemons in the Housing Market Under Different Doctrines of Law Governing Transactions and Information

Journal of Law and Economics, Vol. 54, No. 4, 2011
Number of pages: 36 Posted: 30 Mar 2014
K.W. Chau and Lennon HT Choy
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and Hong Kong Polytechnic University
Downloads 152 (231,575)

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Caveat emptor, Caveat venditor, Housing Market, Information asymmetry, Property Presale

8.

An Empirical Study of Sea View Value by Repeat Sales Method

Number of pages: 20 Posted: 09 Sep 2008
Edward Chung Yim Yiu, K.W. Chau and Siu Kei Wong
University of Auckland Business School, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 279 (131,815)
Citation 1

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Reclamation works, Sea views, Hedonic Pricing Model, Repeat Sales

9.

Do the Forward Sales of Real Estate Stabilize Spot Prices?

Downloads 256 (143,935)
Citation 13

Do the Forward Sales of Real Estate Stabilize Spot Prices?

Wong, S. K., Yiu, C. Y., Tse, M. K. S., & 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.
Number of pages: 26 Posted: 02 Apr 2009 Last Revised: 01 May 2015
Siu Kei Wong, Edward Chung Yim Yiu, K. S. Maurice Tse and K.W. Chau
University of Hong Kong, University of Auckland Business School, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 156 (226,604)
Citation 1

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Forward contract, GARCHmodel, Pre-sale, Price volatility

Do the Forward Sales of Real Estate Stabilize Spot Prices?

The Journal of Real Estate Finance and Economics, 32 (3), 289-304.
Number of pages: 27 Posted: 06 Nov 2005 Last Revised: 07 Jun 2012
Siu Kei Wong, Edward Chung Yim Yiu, K. S. Maurice Tse and K.W. Chau
University of Hong Kong, University of Auckland Business School, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 100 (317,374)

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Forward contract, GARCH model, pre-sale, price volatility

10.

Dynamics of the Direct and Indirect Real Estate Markets in China

Journal of Real Estate Portfolio Management, Vol. 11, No. 3, 2005
Number of pages: 29 Posted: 27 May 2012
Graeme Newell, K.W. Chau, Siu Kei Wong and Keith McKinnell
Western Sydney University - School of Economics and Finance, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and affiliation not provided to SSRN
Downloads 238 (154,569)

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China, funds management, direct real estate, listed real estate companies, risk-adjusted performance analysis, lead-lag relationships

11.

Performance of Property Companies in Hong Kong – A Style Analysis Approach

Journal of Real Estate Portfolio Management, Vol. 9, No. 1, pp. 29-44
Number of pages: 29 Posted: 02 Sep 2009
K.W. Chau, Siu Kei Wong and Graeme Newell
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Western Sydney University - School of Economics and Finance
Downloads 221 (166,004)

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Hong Kong, Property companies, Selection return, Style analysis

12.

Price Discovery Function of Forward Contracts in the Real Estate Market: An Empirical Test

Journal of Financial Management of Property and Construction, Vol.8, No.3, pp.129-137
Number of pages: 15 Posted: 02 Sep 2009
K.W. Chau, Siu Kei Wong and Edward Chung Yim Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and University of Auckland Business School
Downloads 216 (169,551)

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forward contracts, pre-sales, pricing model, price discovery, market efficiency

13.

Transaction Volume and Price Dispersion in the Presale and Spot Real Estate Market - Implications for Construction of Repeat Sales Price Indices

Number of pages: 17 Posted: 12 Sep 2008
Edward Chung Yim Yiu, K.W. Chau and Siu Kei Wong
University of Auckland Business School, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 214 (171,016)
Citation 1

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Noise trader, Price dispersion, Trading volume, Repeat-sales Model

14.

The Value of Clean Air in High Density Urban Areas

High-Rise Building Living in Asian Cities, First Edition, (A G O Yeh and B Yuen ed.), Springer Verlag, 113-128
Number of pages: 23 Posted: 14 May 2012 Last Revised: 12 Nov 2012
K.W. Chau, Siu Kei Wong, Andy Chan and K. Lam
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 212 (172,573)

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Air pollution, hedonic price model, Hong Kong, property prices

15.

What Makes Housing Owners Hold?

Number of pages: 17 Posted: 11 Sep 2008
Edward Chung Yim Yiu, K.W. Chau and Siu Kei Wong
University of Auckland Business School, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 199 (183,095)
Citation 1

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Disposition Effect, Prospect Theory, Holding Period, Housing Markets

16.

Housing Quality in the Forward Contracts Market

Journal of Real Estate Finance and Economics, Vol. 34, No. 3, 2007
Number of pages: 15 Posted: 11 Oct 2006 Last Revised: 03 Jan 2013
K.W. Chau, Siu Kei Wong and Edward Chung Yim Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and University of Auckland Business School
Downloads 196 (185,625)

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real estate forward sales, moral hazard, reputation, market efficiency

17.

Intergenerational Discounting: A Case from Hong Kong

Habitat International, Vol. 32, No. 3, pp. 283-292
Number of pages: 21 Posted: 01 Apr 2009 Last Revised: 12 Aug 2013
Siu Kei Wong, K.W. Chau, Edward Chung Yim Yiu and M. K. W. Yu
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Auckland Business School and Independent
Downloads 193 (188,205)
Citation 1

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Sustainable development, discount rate, land value, land tenure

18.

Property Price Gradients: The Vertical Dimension

22. Wong SK, Chau KW, Yau Y & Cheung AKC (2011) Property price gradients: the vertical dimension. Journal of Housing and the Built Environment, 26(1), 33-45.
Number of pages: 25 Posted: 02 Sep 2009 Last Revised: 11 Jan 2021
Siu Kei Wong, K.W. Chau, Y. Yau and A.K.C. Cheung
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, The University of Hong Kong and The University of Hong Kong
Downloads 183 (197,392)
Citation 4

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Housing price, Hedonic model, Price gradient, Floor level, Building height

19.

The Value of the Provision of a Balcony in Apartments in Hong Kong

Property Management, Vol. 22, No. 3, pp. 250-264, 2003
Number of pages: 25 Posted: 02 Sep 2009
K.W. Chau, Siu Kei Wong and Edward Chung Yim Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and University of Auckland Business School
Downloads 180 (200,264)
Citation 1

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Balcony, environmental effect, hedonic price model, Box-Cox

20.

'Unclear' Initial Delineation of Property Boundaries and the Third Coase Theorem

Lai, Lawrence W.C., Chau, K.W. and Lorne, Frank T., 'Unclear' initial delineation of property boundaries and the third Coase Theorem. Land Use Policy, Forthcoming
Number of pages: 30 Posted: 02 May 2015
Lawrence Wai-Chung Lai, K.W. Chau and Frank T. Lorne
The University of Hong Kong - Department of Real Estate and Construction, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and Universitas 21 Global - Economics
Downloads 163 (217,958)

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Coase Theorem, land boundary, land surveying, land reform, Austrian economics.

21.

Excess Returns in the Hong Kong Commercial Property Market

Journal of Real Estate Research, Vol. 14, No. 2, 1997
Number of pages: 27 Posted: 27 May 2012
K.W. Chau and Gerald Brown
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and affiliation not provided to SSRN
Downloads 158 (223,856)

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Excess returns, market efficiency, filter rules, Kalman filter

22.

Market Sentiments, Winner's Curse, and Bidding Outcomes in Land Auctions

Journal of Real Estate Finance and Economics, 42 (2), 247-274
Number of pages: 38 Posted: 22 Oct 2010 Last Revised: 03 Jun 2012
K. S. Maurice Tse, Frederik Pretorius and K.W. Chau
The University of Hong Kong - School of Economics and Finance, The University of Hong Kong - Department of Real Estate and Construction and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 155 (227,444)
Citation 3

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Auction, Bidding Outcome, Market Sentiments, Winner's Curse

23.

Comparison of the Accuracy of the Minimum-Variance Grid Method and the Least Squares Method – A Non-Linear Extension

Real Estate Valuation Theory, (Wang, K and Wolverton, M. I. ed.) American Real Estate Society Monograph Series: Resear
Number of pages: 11 Posted: 14 May 2012 Last Revised: 15 Nov 2012
K.W. Chau, F. Ng and W. Huang
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 153 (229,842)

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Valuation, hedonic price model, minimum-variance grid method

24.

Do Unexpected Land Auction Outcomes Bring New Information to the Real Estate Market?

Journal of Real Estate Finance and Economics, Vol. 40, No. 4, 2010
Number of pages: 28 Posted: 26 Feb 2010 Last Revised: 26 Dec 2012
K.W. Chau, Siu Kei Wong, Edward Chung Yim Yiu, K. S. Maurice Tse and Frederik Pretorius
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong, University of Auckland Business School, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - Department of Real Estate and Construction
Downloads 153 (229,842)
Citation 2

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Information Flow, Market Responses, Land Auction, Price Signals

25.

Hedonic Price Modelling of Environmental Attributes: A Review of the Literature and a Hong Kong Case Study

Chau, K. W., Yiu, C. Y., Wong, S. K., & Lai, L. W. C. (2003). Hedonic price modelling of environmental attributes: a review of the literature and a Hong Kong case study. Understanding and implementing sustainable development, 87-110.
Number of pages: 24 Posted: 15 Aug 2016
K.W. Chau, Edward Chung Yim Yiu, Siu Kei Wong and Lawrence Wai-Chung Lai
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Auckland Business School, University of Hong Kong and The University of Hong Kong - Department of Real Estate and Construction
Downloads 152 (231,071)

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air pollution, comprehensive development area (CDA), cultural attributes, environmental attributes, externality, hedonic price model, Hong Kong, land use, locational attributes, neighbourhood effects, property values, sustainable development, urban planning, view, zoning

26.

Trading Volume-Induced Spatial Autocorrelation in Real Estate Prices

Number of pages: 20 Posted: 11 May 2012 Last Revised: 11 Jun 2012
Siu Kei Wong, Edward Chung Yim Yiu and K.W. Chau
University of Hong Kong, University of Auckland Business School and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 138 (250,051)
Citation 2

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Spatial dependence, trading volume, price discovery, real estate

27.

Information Asymmetry and the Rent and Vacancy Rate Dynamics in the Office Market

Downloads 134 (255,826)

Information Asymmetry and the Rent and Vacancy Rate Dynamics in the Office Market

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 31 Posted: 13 Jun 2015 Last Revised: 30 Oct 2015
K.W. Chau and Siu Kei Wong
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 134 (256,742)

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Information asymmetry, Office, Rent, Transaction costs, Vacancy rate

Information Asymmetry and the Rent and Vacancy Rate Dynamics in the Office Market

Journal of Real Estate Finance and Economics, Vol. 53, No. 2, 2016
Posted: 23 Jun 2016
K.W. Chau and Siu Kei Wong
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong

Abstract:

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Information asymmetry; Office; Rent; Transaction costs; Vacancy rate

28.

Improving the Environment with an Initial Government Subsidy

Habitat International, Vol. 29, pp. 559-569, 2005
Number of pages: 23 Posted: 15 Sep 2008 Last Revised: 05 Jul 2014
K.W. Chau, Siu Kei Wong and Edward Chung Yim Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and University of Auckland Business School
Downloads 134 (255,826)

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Balcony, Environmental effect, Hedonic price model, Subsidy

29.

News Effects and Structural Shifts in Price Discovery in Hong Kong

Journal of Real Estate Finance & Economics, Vol. 27, No. 2
Number of pages: 18 Posted: 05 Jun 2003 Last Revised: 18 May 2012
Gregory M. Schwann and K.W. Chau
University of Melbourne - Department of Finance and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 130 (261,707)

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commercial property returns, price discovery, news effects, structural stability

30.

Adjusting for Non-Linear Age Effects in the Repeat Sales Index

Journal of Real Estate Finance and Economics, Vol. 31, No. 2, 137-153
Number of pages: 21 Posted: 14 Jan 2005 Last Revised: 07 Jun 2012
K.W. Chau, Siu Kei Wong and Edward Chung Yim Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and University of Auckland Business School
Downloads 129 (263,290)
Citation 1

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Age effects, depreciation, duration, multicollinearity, repeat-sales index

31.

Volatility Transmission in the Real Estate Spot and Forward Markets

Journal of Real Estate Finance and Economics, Vol. 35, No. 3, 2007
Number of pages: 19 Posted: 27 Aug 2007 Last Revised: 19 May 2012
Siu Kei Wong, K.W. Chau and Edward Chung Yim Yiu
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Auckland Business School
Downloads 123 (272,826)
Citation 1

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volatility spillover, pre-sale, bivariate GARCH

32.

International Real Estate Markets

Chau, K. W., Wong, S. K. & Yiu, C. Y. (2014). International Real Estate Markets. In Public Real Estate Markets and Investments, (ed. Baker, H. K. and Chinloy, P.), Oxford University Press, 37-58.
Number of pages: 23 Posted: 15 Aug 2016
K.W. Chau, Siu Kei Wong and Edward Chung Yim Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and University of Auckland Business School
Downloads 114 (288,111)

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Real Estate, REIT, Securitized real estate, diversificaiton, international markets

33.

On the Strategic Timing of Sales by Real Estate Developers: To Wait or to Presell?

Number of pages: 25 Posted: 24 May 2018 Last Revised: 07 Mar 2019
Ling Li, Helen X. H. Bao and K.W. Chau
University of Cambridge - Department of Land Economy, Department of Land Economy, University of Cambridge and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 113 (289,899)

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Real option, Regulation, Planning, Hazard model

34.

Transaction Volume and Price Dispersion in the Presale and Spot Real Estate Markets

Yiu, C.Y., Wong, S. K. and Chau, K. W. (2009) "Transaction volume and price dispersion in the presale and spot real estate markets", Journal of Real Estate Finance and Economics, 38 (3), 241-253. 2009
Number of pages: 23 Posted: 09 Nov 2008 Last Revised: 04 Jun 2012
Edward Chung Yim Yiu, Siu Kei Wong and K.W. Chau
University of Auckland Business School, University of Hong Kong and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 109 (297,364)
Citation 1

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noise trader, price dispersion, presale, trading volume, repeat-sales model

35.

Land Auctions with Budget Constraints

Downloads 108 (299,215)

Land Auctions with Budget Constraints

Number of pages: 36 Posted: 14 Oct 2014 Last Revised: 05 Sep 2016
Jianfu Shen, Frederik Pretorius and K.W. Chau
The Hong Kong Polytechnic University, The University of Hong Kong - Department of Real Estate and Construction and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 108 (300,961)
Citation 1

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Auction Theory, Budget constraints, Land Auctions, Bidding Strategy

Land Auctions with Budget Constraints

Journal of Real Estate Finance and Economics, Vol. 56, No. 3, 2018
Posted: 16 Mar 2018
Jianfu Shen, Frederik Pretorius and K.W. Chau
The Hong Kong Polytechnic University, The University of Hong Kong - Department of Real Estate and Construction and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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Auction Theory; Budget Constraints; Land Auctions; Bidding Strategy

36.

Informal Land Registration Under Unclear Property Rights: Witnessing Contracts, Redevelopment, and Conferring Property Rights

Land Use Policy, Forthcoming
Number of pages: 27 Posted: 26 Sep 2015 Last Revised: 27 Oct 2015
Lawrence Wai-Chung Lai, Frank T. Lorne, K.W. Chau and K. S. T. Ching
The University of Hong Kong - Department of Real Estate and Construction, Universitas 21 Global - Economics, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and The University of Hong Kong
Downloads 98 (319,323)

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37.

When Are Real Estate Flippers Smarter Than the Crowd?

Number of pages: 42 Posted: 23 Aug 2018
Siu Kei Wong, Kuang Kuang Deng and K.W. Chau
University of Hong Kong, Shanghai University of Finance and Economics and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 73 (381,271)

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Excess Returns; Trading strategy; Search; Real Estate

38.

IPO Location as a Quality Signal: The Case of Chinese Developers

Downloads 68 (396,227)

IPO Location as a Quality Signal: The Case of Chinese Developers

(2014) The Journal of Real Estate Finance and Economics, 49(4), 551-567.
Number of pages: 29 Posted: 30 Oct 2015
Siu Kei Wong, Qian Wei and K.W. Chau
University of Hong Kong, The University of Hong Kong and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 68 (401,148)

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IPO, location, signaling, underpricing

IPO Location as a Quality Signal: The Case of Chinese Developers

Journal of Real Estate Finance and Economics, Vol. 49, No. 4, 2014
Posted: 14 Nov 2014 Last Revised: 19 Jun 2015
Siu Kei Wong, Q. L. Wei and K.W. Chau
University of Hong Kong, Independent and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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IPO; Location; Signaling; Underpricing

39.

Information Asymmetry with Heterogeneous Buyers and Sellers in the Housing Market

Number of pages: 29 Posted: 03 May 2019
Ling Li and K.W. Chau
University of Cambridge - Department of Land Economy and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 67 (399,366)

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Information asymmetry, Housing price, Non-local buyer, Developer

40.

The Rise and Fall of the Sand Monopoly in Colonial Hong Kong

Ecological Economics, Vol. 128, 2016
Number of pages: 36 Posted: 09 May 2016
Lawrence Wai-Chung Lai, K.W. Chau and Frank T. Lorne
The University of Hong Kong - Department of Real Estate and Construction, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and Universitas 21 Global - Economics
Downloads 62 (415,654)

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Schumpeterian innovation, transaction costs, open access property, sand, state monopoly

41.

Repeated Planning Applications by Developers under Statutory Zoning: A Hong Kong Case Study of Delays and Design Improvements in Private Residential Development

Land Use Policy, Vol. 57, pp. 709-718, 2016
Number of pages: 29 Posted: 17 Aug 2016
Lawrence Wai-Chung Lai, Daniel C. W. Ho, K.W. Chau and Mark Chua
The University of Hong Kong - Department of Real Estate and Construction, Prof, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and The University of Hong Kong
Downloads 55 (440,159)
Citation 1

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Zoning, Delay in Development, Housing Supply, Hoarding, Innovations

42.

Transaction-Based Indices

Chau, K. W., Wong, S. K., Liang, J., McCluskey, W., & Cunningham C. (2018) Chapter 10: Transaction Based Indices in Routledge Companion to Real Estate Investment, MacGregor, B., Schulz, R., Green, R. and Newell, G (Eds), Routledge, 192-212.
Number of pages: 32 Posted: 24 Mar 2021
K.W. Chau, Siu Kei Wong, Jiancong Liang, William McCluskey and Ciara Cunningham
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong, Ronald Coase Centre for Property Rights Research, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 30 (551,660)

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Real estate price index, constant quaity index, repeat sales index, herdonic price index, transaction-based index

43.

Ranking of Risks for Existing and New Building Works

Sustainability 2019, 11, 2863; doi:10.3390/su11102863
Number of pages: 26 Posted: 01 Jul 2019
Rita Yi Man Li, K.W. Chau and Frankie Fanjie Zeng
Hong Kong Shue Yan University, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and affiliation not provided to SSRN
Downloads 22 (601,363)

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evidence-based practice, construction safety, AHP, sustainable risk ranking

44.

A New Determinant of Neighborhood Supply Elasticity: Ownership Constraints

Number of pages: 43 Posted: 10 May 2021
Ren Ren, Siu Kei Wong and K.W. Chau
The University of Hong Kong, University of Hong Kong and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 1 (763,149)

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within-city heterogeneity, housing markets, supply elasticity determinants, land assembly cost

45.

Separating the Age Effect From a Repeat Sales Index: Land and Structure Decomposition

Journal of Real Estate Finance and Economics, Vol. 57, No. 3, 2018
Posted: 11 Oct 2018
Siu Kei Wong, K.W. Chau, Koji Karato and Chihiro Shimizu
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Toyama and The University of Tokyo

Abstract:

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Price Index; Repeat Sales; Depreciation; Land Value; Structure Value

46.

What Motivates a Developer to Sell Before Completion?

Downloads 0 (780,955)

What Motivates a Developer to Sell Before Completion?

Posted: 30 May 2018 Last Revised: 18 Jun 2019
Ling Li and K.W. Chau
University of Cambridge - Department of Land Economy and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

Abstract:

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Developers, Presale, Hedging, Institutions, Risk

What Motivates a Developer to Sell before Completion?

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 11 Nov 2019
Ling Li and K.W. Chau
University of Cambridge - Department of Land Economy and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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Presale; Hedge real estate risk; Regulation; Housing

47.

Institutions and Capital Structure: The Case of Chinese Property Firms

Journal of Real Estate Finance and Economics, 2018
Posted: 14 Mar 2018
Kuang Kuang Deng, Siu Kei Wong and K.W. Chau
Shanghai University of Finance and Economics, University of Hong Kong and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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Institutions; Capital Structure; Agency Problems; Information Asymmetries

48.

Trading Volume-Induced Spatial Autocorrelation in Real Estate Prices

Journal of Real Estate Finance and Economics, Vol. 46, No. 4, 2013
Posted: 20 Mar 2013 Last Revised: 19 Jun 2015
C. Yiu and K.W. Chau
Hong Kong University of Science & Technology (HKUST) and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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Spatial dependence, Trading volume, Price discovery, Real Estate

49.

Can Liquidity Explain Spatial Dependence in Real Estate Prices?

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
Siu Kei Wong, Edward Chung Yim Yiu and K.W. Chau
University of Hong Kong, University of Auckland Business School and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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