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of 9
pro vyhledávání: '"Nai Jia Lee"'
Publikováno v:
Real Estate Economics. 43:782-806
This research examines the relationship between hedonically controlled housing price levels and subsequent changes in those prices across locations within MSAs. Are areas with a high price relative to an “imputed rent” paying for higher appreciat
Publikováno v:
Journal of Housing Economics. 26:126-138
This paper examines the impact of workmanship and construction quality of new housing on their sale price and capital growth. To measure construction quality, we take advantage of a unique situation in Singapore where newly completed residential proj
Publikováno v:
International Real Estate Review. 16(1):28-47
This paper empirically tests the sentiment and ¡§noise¡¨ effects in Singapore REITs (S-REIT) over the periods from January 2005 to December 2010.Our empirical results show that trading volume is significantly and negatively correlated with price
Autor:
Nai Jia Lee, Seow Eng Ong
Publikováno v:
Journal of Housing Economics. 14:127-146
Traditional property price models fail to explain the large price swings observed in housing markets. Recent literature suggests that such phenomena are caused by changes in housing demand of credit/equity constrained households. We attempt to empiri
Publikováno v:
Urban Studies. 40:2643-2660
This paper provides a rigorous study on the change in Central Provident Fund (CPF) policy in Singapore on 1 September 2002, on household mobility in general and on the affordability and accessibility of potential home-buyers in particular. The change
Autor:
Nai Jia Lee
Publikováno v:
International Real Estate Review. 6(1):75-101
The prepayment risk of adjustable rate mortgages, unlike that of fixed rate mortgages, greatly depends on the decision of mortgagors to move. Given that housing also serves as an investment asset for the owner, it is hypothesised that the expected ca
Autor:
William C. Wheaton, Nai Jia Lee
Publikováno v:
SSRN Electronic Journal.
This paper examines how communities will behave if they are given the option of taxing the property of commercial establishments (factories, shopping centers, office buildings, etc) at different rates from residential housing. In the last 2 decades m
Autor:
Nai Jia Lee, William C. Wheaton
Publikováno v:
SSRN Electronic Journal.
This paper examines the strong positive correlation that exists between the volume of housing sales and housing prices. We first examine gross housing flows in the US and divide sales into two categories: transactions that involve a change or choice
Autor:
William C. Wheaton, Nai Jia Lee
Publikováno v:
SSRN Electronic Journal.
This empirical paper examines the question of whether movements in housing sales predict subsequent movement in house prices - or the converse. The former (positive) relationship is well hypothesized by several frictional search models of housing mar