Outputs (3)

Crashes in real estate prices: causes and predictability (2010)
Journal Article
Xiao, Q. (2010). Crashes in real estate prices: causes and predictability. Urban studies, 47(8), 1725-1744. https://doi.org/10.1177/0042098009356482

Large swings in real estate prices that end in devastating crashes have been witnessed by many countries in the past two decades. To curtail the damage of these crashes, it is imperative that we understand their causes. This study proposes a model th... Read More about Crashes in real estate prices: causes and predictability.

The residential market of Hong Kong: rational or irrational? (2010)
Journal Article
Xiao, Q., & Liu, Y. (2010). The residential market of Hong Kong: rational or irrational?. Applied economics, 42(7), 923-933. https://doi.org/10.1080/00036840701720960

The current study attempts to investigate the proposition that Hong Kong residential market is only driven by a rational speculative bubble, in addition to fundamentals. The fundamentals are chosen according to the present value model, but will accou... Read More about The residential market of Hong Kong: rational or irrational?.

Risk and predictability of Singapore's private residential market (2010)
Journal Article
Xiao, Q., & Huang, W. (2010). Risk and predictability of Singapore's private residential market. Quantitative finance, 10(5), 529-543. https://doi.org/10.1080/14697680903236113

This study explores the short-run predictability of, and the risks facing investors in, Singapore's private housing market. We explicitly model a periodically collapsing rational speculative bubble within the present value framework, and propose an u... Read More about Risk and predictability of Singapore's private residential market.