This study examines how overpricing of properties (in terms of above-market price), along with various housing attributes, influence their time-on-market (TOM). The results with the full sample show that only dummy variables depicting years 2003-2005 and flats located in Kowloon significantly...

There are a lot of previous studies on calendar effects. However, most of them use traditional methods like regression. Hui et al. (2015b) incorporate Shiryaev-Zhou index with logistic regression to study the Halloween and January effects of eight securitized real estate markets, but they fixed...

The residential property market is characterized with cyclical price movements and long development lead-time. Developers are faced with challenging decisions such as the optimal timing and density of their projects in order to ride the boom-bust cycles. The increasingly important role of market...