Academia takes interest in cyclicality of real estate market. Compared to various findings on housing cycles, no literature takes insight into the cycles of securitized property markets. To address the issue, a nonlinear model is developed to probe into the characteristics of cycles in global...

In China, the real estate sector has been one of the most powerful driving forces in economic development over the past two decades. The housing sector, particularly, has a strong wealth effect on consumption. This has attracted much attention not only in academia but also in society at large....

As housing markets have overheated recently in urban China, housing price bears substantial risk. The issue of housing price bubbles in these markets has become a popular and significant topic among consumers, policymakers and academia alike. In particular, Guangzhou and Shenzhen, as the most...

Recent developments in the construction sector in the Asian region demonstrate three trends: (1) larger private sector participation in infrastructure projects, (2) increasing vertical integration in the packaging of construction projects, and (3) increased foreign participation in domestic...

Construction project risks affect contractors' tender price. A host of factors influencing tender prices were identified and the importance of these factors evaluated by making use of the data collected in a postal questionnaire survey conducted to the 'Buildings' contractors in Hong Kong. Out...

The size and direction of correlation between housing price movements and expectations differ between housing actors and change over time in Hong Kong. A cross-sectional market outlook survey was conducted in November 2000 to measure housing price expectations and their formation. The study...

This study investigates whether there was a housing price bubble in Beijing and Shanghai in 2003. The existence of a bubble can be interpreted from (abnormal) interactions between housing prices and market fundamentals. This paper introduces an enhanced framework, with the combination of...