Outputs (13)

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.

Seoul housing prices and the role of speculation (2009)
Journal Article
Xiao, Q., & Park, D. (2010). Seoul housing prices and the role of speculation. Empirical economics, 38(3), 619-644. https://doi.org/10.1007/s00181-009-0282-x

Between June 1998 and March 2006, the price index of apartment houses in Seoul, Korea, more than doubled, while fundamentals such as GDP, wage, and population increased by less than 35%. This study examines the role of a rational speculative bubble i... Read More about Seoul housing prices and the role of speculation.