The interaction between real estate and stock markets in Hong Kong

2002 ◽  
Author(s):  
Wei Huang
Keyword(s):  
Hong Kong ◽  
Real Estate ◽  
Stock Markets

scholarly journals EXAMINING THE RELATIONSHIP BETWEEN REAL ESTATE AND STOCK MARKETS IN HONG KONG AND THE UNITED KINGDOM THROUGH DATAMINING / RYŠIO TARP HONKONGO IR JUNGTINĖS KARALYSTĖS NEKILNOJAMOJO TURTO BEI AKCIJŲ RINKŲ NAGRINĖJIMAS ANALIZUOJANT DUOMENIS

2011 ◽  
Vol 15 (1) ◽  
pp. 26-34 ◽  
Author(s):  
Eddie C. M. Hui
Keyword(s):  
Hong Kong ◽  
United Kingdom ◽  
Real Estate ◽  
Stock Markets ◽  
Real Estate Market ◽  
Price Effect ◽  
Real Estate Markets ◽  
The United Kingdom ◽  
Transmission Mechanisms ◽  
The Relationship

This paper aims to examine the relationship between real estate market and stock market in the United Kingdom and in Hong Kong, from 1993 to 2007, using the method of datamining. The results provide evidence for the existence of not only a positive correlation, but also a co-movement, between the two markets. Such interactions reflect the similarities among these two regions, which can be explained by two transmission mechanisms: wealth effect and credit-price effect. However, the two real estate markets respond differently upon similar adjustments of the respective stock markets. Such dissimilarity is attributed to their respective local factors. It is shown in the paper that datamining could be an appropriate option for studying this kind of relationships. Santrauka Šiame darbe siekiama duomenų analizės metodu išnagrinėti ryšį tarp Jungtinės Karalystės ir Honkongo nekilnojamojo turto rinkų ir akcijų rinkų nuo 1993 iki 2007 m. Remiantis gautais rezultatais matyti, kad tarp minėtų dviejų rinkų egzistuoja ne tik teigiama koreliacija, bet ir kovariacija. Tokios sąveikos rodopanašumus tarp šių dviejų regionų, o tai paaiškinama dviem perdavimo mechanizmais: turto poveikiu ir kredito bei kainos poveikiu. Tačiau dvi nekilnojamojo turto rinkos skirtingai reaguoja į panašų akcijų rinkų reguliavimą. Taip vyksta dėl jų vietinių veiksnių įtakos. Duomenų analizė galėtų būti tinkama alternatyva tiriant tokius ryšius.

Are Real Estate IPOs a Different Species? Evidence from Hong Kong IPOs

2001 ◽  
Vol 21 (3) ◽  
pp. 201-220
Author(s):  
Su Chan ◽  
Mark Stohs ◽  
Ko Wang
Keyword(s):  
Hong Kong ◽  
Real Estate

International Real Estate Review

1998 ◽  
Vol 1 (1) ◽  
pp. 64-80
Author(s):  
Jia He ◽  
◽  
Ming Liu ◽  
Keyword(s):  
Hong Kong ◽  
Interest Rate ◽  
Real Estate ◽  
Seasonal Pattern ◽  
Property Market ◽  
Mortgage Loans ◽  
Adjustable Rate ◽  
The Interest Rate

A study on the prepayment behavior of Hong Kong mortgage loans is conducted. With all of the loans as adjustable-rate mortgages (ARMs), we find that 1) Prepayment speeds up and then slows down as the mortgage seasons; 2) Prepayment speeds up as the rate markup decreases; 3) Prepayment speeds up as the interest rate increases; 4) Prepayment speeds up when the profitability ratio of the banks ( the prime-HIBOR spread) is higher; 5) Prepayment speeds up as the price of the property market falls; 6) Prepayment speed is faster for loans with a lower loan-to-value ratio; 7) Prepayment exhibits a seasonal pattern: people tend to prepay in the summer.

scholarly journals International Real Estate Review

2010 ◽  
Vol 13 (1) ◽  
pp. 1-29
Author(s):  
Sam K. Hui ◽  
◽  
Alvin Cheung ◽  
Jimmy Pang ◽  
◽  
...  
Keyword(s):  
Hong Kong ◽  
Real Estate ◽  
Statistical Method ◽  
Bayesian Approach ◽  
Investment Decisions ◽  
Average Price ◽  
Residential Real Estate ◽  
Property Market ◽  
Residential Properties ◽  
Expert Assessments

We have developed a statistical method for the valuation of residential properties using a hierarchical Bayesian approach, which takes into consideration the unique structure of the Hong Kong property market. Our model is calibrated on a dataset that covers all residential real estate transactions in ten major Hong Kong residential complexes from February 2008 to February 2009. Although parsimonious, our model outperforms other valuation methods that are based on average price-per-square- feet or expert assessments. By providing our model-based valuations online without charge, we hope to improve transparency in the Hong Kong housing market, thus enabling consumers to make better investment decisions.

Information Transmissions Among US, China and Hong Kong Stock Markets

2015 ◽  
Vol 10 (1) ◽  
pp. 27-46 ◽  
Author(s):  
Iris Yip ◽  
Andy Cheng ◽  
Raymond So
Keyword(s):  
Hong Kong ◽  
Stock Markets
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