Siu Kei Wong

University of Hong Kong

Pokfulam Road

Hong Kong, HK

China

SCHOLARLY PAPERS

35

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CITATIONS
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63

Scholarly Papers (35)

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, Chung Yim Edward Yiu and K.W. Chau
University of Hong Kong, Chinese University of Hong Kong - Department of Geography and Resource Management and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 583 (44,646)

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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, Chung Yim Edward Yiu and K.W. Chau
University of Hong Kong, Chinese University of Hong Kong - Department of Geography and Resource Management 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

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 457 (60,911)

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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

3.

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 361 (81,428)

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

4.

An Empirical Study of Sea View Value by Repeat Sales Method

Number of pages: 20 Posted: 09 Sep 2008
Chung Yim Edward Yiu, K.W. Chau and Siu Kei Wong
Chinese University of Hong Kong - Department of Geography and Resource Management, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 266 (113,844)
Citation 1

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

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
University of Hong Kong, Chinese University of Hong Kong - Department of Geography and Resource Management, 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 153 (191,452)
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
University of Hong Kong, Chinese University of Hong Kong - Department of Geography and Resource Management, 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 95 (274,446)

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

6.

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
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 228 (133,142)

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

7.

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 218 (139,043)

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Hong Kong, Property companies, Selection return, Style analysis

8.

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 207 (145,997)

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

9.

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
Chung Yim Edward Yiu, K.W. Chau and Siu Kei Wong
Chinese University of Hong Kong - Department of Geography and Resource Management, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 206 (146,667)
Citation 1

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

10.

What Makes Housing Owners Hold?

Number of pages: 17 Posted: 11 Sep 2008
Chung Yim Edward Yiu, K.W. Chau and Siu Kei Wong
Chinese University of Hong Kong - Department of Geography and Resource Management, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and University of Hong Kong
Downloads 192 (156,682)

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Disposition Effect, Prospect Theory, Holding Period, Housing Markets

11.

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 Chung Yim Edward Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 189 (158,945)

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

12.

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
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, Chinese University of Hong Kong - Department of Geography and Resource Management and Independent
Downloads 184 (162,818)

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Sustainable development, discount rate, land value, land tenure

13.

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 Chung Yim Edward Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 177 (168,625)

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

14.

Property Price Gradients: The Vertical Dimension

Number of pages: 27 Posted: 02 Sep 2009
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 177 (168,625)

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

15.

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 Chung Yim Edward Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 161 (182,984)

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

16.

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
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong, Chinese University of Hong Kong - Department of Geography and Resource Management, The University of Hong Kong - School of Economics and Finance and The University of Hong Kong - Department of Real Estate and Construction
Downloads 149 (195,320)
Citation 1

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Information Flow, Market Responses, Land Auction, Price Signals

17.

Trading Volume and Price Dispersion in Housing Markets

Number of pages: 22 Posted: 03 Sep 2008
Chung Yim Edward Yiu, Siu Kei Wong and K. F. Man
Chinese University of Hong Kong - Department of Geography and Resource Management, University of Hong Kong and Hong Kong Polytechnic University
Downloads 140 (205,458)
Citation 1

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Price dispersion, Trading volume, Volume-Price Relationship, Liquidity Risk

18.

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, Chung Yim Edward Yiu and K.W. Chau
University of Hong Kong, Chinese University of Hong Kong - Department of Geography and Resource Management and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 135 (211,618)

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Spatial dependence, trading volume, price discovery, real estate

19.

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 Chung Yim Edward Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 127 (221,906)

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Balcony, Environmental effect, Hedonic price model, Subsidy

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 126 (224,099)

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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

21.

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 Chung Yim Edward Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 123 (227,345)

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

22.

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 Chung Yim Edward Yiu
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 120 (231,586)

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volatility spillover, pre-sale, bivariate GARCH

23.

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
Chung Yim Edward Yiu, Siu Kei Wong and K.W. Chau
Chinese University of Hong Kong - Department of Geography and Resource Management, University of Hong Kong and The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics
Downloads 107 (251,483)

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

24.

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
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, Chinese University of Hong Kong - Department of Geography and Resource Management, University of Hong Kong and The University of Hong Kong - Department of Real Estate and Construction
Downloads 93 (276,263)

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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

25.

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 Chung Yim Edward Yiu
The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Hong Kong and Chinese University of Hong Kong - Department of Geography and Resource Management
Downloads 89 (284,005)

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

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 58 (365,686)

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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

27.

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 34 (446,408)

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Excess Returns; Trading strategy; Search; Real Estate

28.

Housing Wealth Effects for Private and Subsidized Homeowners

Wong SK, Deng KK & Cheung KS "Housing Wealth Effects for Private and Subsidized Homeowners", International Journal of Housing Markets and Analysis, doi: 10.1108/IJHMA-07-2017-0067 (2018/Forthcoming)
Number of pages: 28 Posted: 24 Aug 2018
Siu Kei Wong, Kuang Kuang Deng and K. S. Cheung
University of Hong Kong, Shanghai University of Finance and Economics and University of Auckland
Downloads 5 (610,781)

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housing wealth; negative equity; subsidized housing

29.

Short Sales and Price Discovery in the Hong Kong Real Estate Market

Real Estate Economics, Vol. 45, Issue 1, pp. 133-153, 2017
Number of pages: 21 Posted: 20 Jan 2017
Siu Kei Wong, Thomas Lai and Kuang Kuang Deng
University of Hong Kong, Bauhinia Foundation Research Centre and The University of Hong Kong
Downloads 1 (648,213)
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30.

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
University of Hong Kong, The University of Hong Kong - Ronald Coase Centre for Property Rights Research - Economics, University of Toyama and Nihon University

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

31.

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

32.

Can Liquidity Explain Spatial Dependence in Real Estate Prices?

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

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33.

Empirical Estimation of the Option Premium for Residential Redevelopment

Regional Science and Urban Economics, Forthcoming
Posted: 22 May 2009 Last Revised: 01 Nov 2011
University of Connecticut - Department of Finance, Fairfield University - Department of Finance and University of Hong Kong

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real options, hedonic pricing, housing redevelopment, house price volatility

34.

Lead-Lag Relationship between the Real Estate Spot and Forward Contract Markets

Journal of Real Estate Portfolio Management, Vol. 11, No. 3, 2005
Posted: 15 Sep 2008
Chung Yim Edward Yiu and Siu Kei Wong
Chinese University of Hong Kong - Department of Geography and Resource Management and University of Hong Kong

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forward contracts, repeat sales price index, lead-lag relationship, volume ratio, liquidity

35.

The Effects of Expected Transport Improvements on Housing Prices

Urban Studies, Vol. 42, No. 1, 2005
Posted: 11 Sep 2008
Chung Yim Edward Yiu and Siu Kei Wong
Chinese University of Hong Kong - Department of Geography and Resource Management and University of Hong Kong

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transportation improvement works, housing price expectation, panel data, hedonic pricing model, price index, price gradient