Political instability may weaken investors' belief in property rights, putting the investors in fear that part of the investment may be wasted due to poor protection. As a result, the investors are unwilling to pay a premium for the security of rights when facing political uncertainty. This...

This study examines the potential of a two-order spatiotemporal autoregressive model with a Bayesian heteroskedasticity robust procedure in modeling strata-titled Singapore office unit transaction prices and in constructing transaction-based disaggregate office price indexes. The model reduces...