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 (53)

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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 3,392 (4,797)
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 623 ( 60,895)

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 623 (60,161)
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 573 ( 67,735)
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 573 (66,961)
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 402 (103,598)

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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 391 (107,000)
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 343 (123,836)
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 183 (228,858)

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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 160 (256,943)

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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 158 (140,222)
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 158 (259,697)

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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 291 (147,243)
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 258 (166,293)
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 158 (259,697)
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 (365,384)

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

10.

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 245 (174,840)

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

11.

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 242 (176,887)

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

12.

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 225 (189,546)

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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

13.

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 223 (191,223)

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Hong Kong, Property companies, Selection return, Style analysis

14.

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 218 (195,499)
Citation 2

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

15.

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 213 (199,662)

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

16.

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 209 (203,259)
Citation 1

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Sustainable development, discount rate, land value, land tenure

17.

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 201 (210,684)
Citation 1

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Disposition Effect, Prospect Theory, Holding Period, Housing Markets

18.

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 200 (211,622)
Citation 2

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

19.

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 187 (224,547)
Citation 4

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

20.

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 186 (225,570)
Citation 1

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

21.

'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 165 (249,778)

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

22.

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 160 (256,427)

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Excess returns, market efficiency, filter rules, Kalman filter

23.

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 158 (259,114)
Citation 4

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

24.

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: 16 Jul 2022
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 156 (261,816)

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Real option, Regulation, Planning, Hazard model

25.

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 155 (263,157)
Citation 2

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Information Flow, Market Responses, Land Auction, Price Signals

26.

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 (265,850)

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Valuation, hedonic price model, minimum-variance grid method

27.

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 139 (286,950)
Citation 2

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Spatial dependence, trading volume, price discovery, real estate

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 136 (291,812)

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Balcony, Environmental effect, Hedonic price model, Subsidy

29.

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

Downloads 134 (295,089)

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 (296,264)

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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

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

30.

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, Gregory M. Schwann and K.W. Chau
University of Melbourne - Department of FinanceFinancial Research Network (FIRN) and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 134 (295,089)

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

31.

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 130 (302,011)
Citation 1

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

32.

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 129 (303,750)
Citation 1

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volatility spillover, pre-sale, bivariate GARCH

33.

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 120 (320,257)

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

34.

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 117 (325,941)
Citation 2

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

35.

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 112 (336,167)
Citation 1

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

36.

Land Auctions with Budget Constraints

Downloads 111 (338,280)

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 111 (340,283)
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

37.

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 99 (365,031)

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38.

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 89 (390,091)

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Excess Returns; Trading strategy; Search; Real Estate

39.

Tobin Tax Policy, Housing Speculation, and Property Market Dynamics

Number of pages: 94 Posted: 10 Sep 2020 Last Revised: 10 Jan 2022
Sumit Agarwal, K.W. Chau, Maggie Hu and Wayne Xinwei Wan
National University of Singapore, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, The Chinese University of Hong Kong and University of Cambridge - Department of Land Economy
Downloads 76 (427,942)

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Tobin tax policy, stamp duty tax, property speculators, lock-in period, bunching effect

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 68 (454,194)

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

41.

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

Downloads 68 (454,194)

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 (460,057)

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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

42.

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 66 (461,123)
Citation 1

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

43.

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 53 (511,615)

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

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 29 (636,465)

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

45.

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, Rita Yi Man Li, K.W. Chau and Frankie Fanjie Zeng
Hong Kong Shue Yan UniversityHong Kong Shue Yan University, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and affiliation not provided to SSRN
Downloads 27 (649,908)

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

46.

Hydropower Consumption, Economic Growth and Carbon Dioxide Emissions in China

Number of pages: 17 Posted: 16 Feb 2022
Gaolu Zou and K.W. Chau
Chengdu University and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
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Carbon Emission, cointegration, Granger causality, hydropower consumption, structural break, weak exogeneity

47.

Policy Responses to an Overheated Housing Market: Credit Tightening Versus Transaction Taxes

Journal of Asian Economics, 75, 101330. https://doi.org/10.1016/j.asieco.2021.101330, The University of Auckland Business School Research Paper Series
Posted: 06 Dec 2021
Siu Kei Wong, William Ka Shing Cheung, Kuang Kuang Deng and K.W. Chau
University of Hong Kong, University of Auckland Business School, Shanghai University of Finance and Economics and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics

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Transaction tax, Loan-to-value ratio, Macroprudential measures; Repeat sales index

48.

The Misallocation Problem of Subsidized Housing: A Lesson from Hong Kong

Sustainability, 13(4), 1855. https://doi.org/10.3390/su13041855, The University of Auckland Business School Research Paper Series
Posted: 30 Nov 2021
William Ka Shing Cheung, Siu Kei Wong, K.W. Chau and Edward Chung Yim Yiu
University of Auckland Business School, University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Auckland Business School

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subsidized homeownership, residential mobility, misallocation, spatial mismatch, panel data estimation

49.

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, Chihiro Shimizu 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 TokyoNihon University

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

50.

What Motivates a Developer to Sell Before Completion?

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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

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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

51.

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

52.

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

53.

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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