Purpose: This study hypothesises that sale and leaseback (SLB) cap rate is lower than the market cap rate in emerging economies, and the difference is due to institutional cost and vacancy risk. This study aims to provide a novel SLB-Cap-Rate Model to assess the performance of SLB transaction...

Purpose – The purpose of this paper is to develop a novel tenant mix model for shopping malls based on an analogy from ecological theories. Design/methodology/approach – This study empirically investigates the tenant species‐area relationship and tenant species‐abundance distribution in...

Purpose – The classical land market model assumes a one‐workplace scenario. However, with the globalization trend, travel between two workplaces is becoming more and more common. This paper therefore aims to study the housing price gradient changes between Macau and Hong Kong to test the two...

Purpose – The purpose of this paper is to study empirically the effect of a pedestrianisation scheme on retail rent, in a case study in Hong Kong. Design/methodology/approach – Most of the previous studies on the impacts of pedestrianised areas on the environment were qualitative ones, and...

Purpose – The purpose of this paper to identify the asymmetric effect of real interest rate on housing return. Design/methodology/approach – It tests empirically the impacts of positive and negative real interest rate on housing return in Hong Kong by time series regression analyses on...