scholarly journals Appendix 3: Property Price Index

2005 ◽  
pp. 151-151
Keyword(s):  
Price Index ◽  
Property Price

scholarly journals Are House Prices Driven by Capital Flows? Evidence from Singapore

2016 ◽  
Vol 07 (01) ◽  
pp. 1650006 ◽  
Author(s):  
Hwee Kwan Chow ◽  
Taojun Xie
Keyword(s):  
Capital Flows ◽  
Price Index ◽  
House Prices ◽  
House Price ◽  
Capital Inflows ◽  
Residential Property ◽  
Foreign Direct Investments ◽  
Short Term ◽  
Property Price ◽  
The Impact

This paper investigates whether real house price appreciations can be attributed to the surge in real capital inflows into Singapore. We proxy capital flows by using the amount of Foreign Direct Investments (FDI) to real estate capturing the foreign purchases of property in Singapore which we deflate by the private residential property price index. Notwithstanding the absence of a cointegrating relationship, our results support the hypothesis that lagged short term fluctuations in capital inflows are positively associated with the growth rates of house prices over the last decade. We also provide evidence that macroprudential measures implemented by Singapore reduced the impact of capital inflows on house price appreciation by more than half, suggesting the effectiveness of such market cooling measures in weakening the credit growth channel.

scholarly journals REVEALING THE INVESTMENT VALUE OF PENANG HERITAGE PROPERTIES

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Tiong Cheng Chin ◽  
Bin Tan Yan ◽  
Fang Wong Wai ◽  
Seng Lai Kong ◽  
Yu Xuan Koh
Keyword(s):  
Real Estate ◽  
Price Index ◽  
Regression Method ◽  
Hedonic Regression ◽  
Social Functions ◽  
Diversification Strategy ◽  
Aesthetic Quality ◽  
Alternative Investments ◽  
Property Price ◽  
Heritage Buildings

Heritage buildings are a representation of historic features and the Malaysian culture. The intangible value of a heritage property comprises aesthetic quality, spiritual aspects, social functions, and its own uniqueness. Therefore, heritage properties have been seen to be moving away from traditional alternative investments, which are not covered by conventional real estate schemes. Additionally, the characteristics of heritage properties are expected to be seen as ‘art’, and they offer a highly beneficial diversification strategy with a relatively low correlation towards traditional assets classes. The Penang (Island) Heritage Property Price Index (PPHPPI) is estimated to be using a hedonic regression method. Based on the index, the heritage property records the highest quarterly returns and risk among the conventional assets considered in this study.

scholarly journals Determinant of Residential Property Price Index in Five Asian Emerging Market Countries: A Demand and Supply Approach

2021 ◽  
Vol 7 (08) ◽  
Author(s):  
Silma Fikria Balqis ◽  
Rudi Purwono
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Real Interest Rate ◽  
Price Index ◽  
Emerging Market ◽  
Residential Property ◽  
Demand And Supply ◽  
Independent Variables ◽  
Emerging Market Countries ◽  
Property Price

This study aims to analyze the factors influencing the Residential Property Price Index (RPPI) from the demand and supply sides in five Asian emerging market countries. The data used are semi-annual data from the first semester of 2009 until the second semester of 2019 because this study aims to denote the impact of RPPI toward the demand and supply indicators after the global crisis in 2008. The dependent variable of this study is the RPPI, while the independent variables include the number of workers, real interest rate, economic growth, and the Real Effective Exchange Rate (REER). The Fixed Effects Model (FEM) is thus the applied method to process the data. In the end, the results indicate that all independent variables are significant toward the RPPI. The number of workers, real interest rate, and REER negatively affect the RPPI, while economic growth positively affects the RPPI.

scholarly journals A COMPARATIVE STUDY ON THE INVESTMENT VALUE OF RESIDENTIAL PROPERTY AND STOCKS

2004 ◽  
Vol 8 (2) ◽  
pp. 63-72 ◽  
Author(s):  
Bing Sun ◽  
Hongyu Liu ◽  
Siqi Zheng
Keyword(s):  
Stock Returns ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Consumer Price Index ◽  
Residential Property ◽  
Investment Value ◽  
Stock Investment ◽  
Property Price ◽  
Weak Negative Correlation

As real estate, residential property comprises not only the value of utilization, but also the value of investment, which is somewhat different from that of securities such as stocks and bonds. In this paper, the investment value of newly‐built residences and stocks are compared and analyzed theoretically and empirically. Firstly, the paper summarizes the diversity of costs, risks, and benefits of these two investments. Secondly, by quoting the quarterly price/rent indices on the housing market and that at the stock exchange in Shanghai, the paper explores the variances of these two investments with respect to their risk‐return characteristics from 1993 to 2003. Thirdly, the paper discusses the correlations between residential property price/rent index, property/general stock price index, and Consumer Price Index (CPI). Finally, by utilizing the Capital Asset Pricing Model (CAPM), the systematic and the unsystematic risks of these investments are segregated and compared with each other, based on a series of assumptions. The result suggests, on a quarterly basis, that residential property investment produces a higher risk‐adjusted return than that of general stock and property stock investment. Because of a weak/negative correlation between residential property and stock returns, residential property is an ideal candidate to be included into the stock investment portfolio. Moreover, residential property and property stock can be used as effective hedges against inflation.

scholarly journals Bangladesh

2020 ◽  
Vol 20 (195) ◽  
Author(s):  
Keyword(s):  
Price Index ◽  
Technical Assistance ◽  
Residential Property ◽  
Property Price

The purpose of the mission was to assist the Bangladesh Bank (BB) in progressing on the compilation of a residential property price index (RPPI). This will be the first technical assistance (TA) mission to Bangladesh on the RPPI to be conducted under the auspices of the Data for Decisions Fund (D4D). The aim of the mission is to assist the BB in improving data for RPPI compilation and to compile an experimental RPPI.

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