requalification and management of a public property. The unknowns of the model are the price and concession period, while the … in the property management costs, along with the preservation of public property. This aspect of no small importance … where there is the fear of breaking up public property which local communities attach a high cultural and historic value …

autoregressive (VAR)-based volatility spillover effects within the three Greater China (GC) public property markets, as well as … proposed by Engle (2002) to examine the time-varying nature in return co-movements among the public property markets. Second … crisis (GFC) period. Comparatively, the Chinese public property market's volatility is more exogenous and less influenced by …