Please use this identifier to cite or link to this item:
|Title:||Property rights and housing value: The impacts of political instability|
|Authors:||Tu, Y. |
|Citation:||Tu, Y., Bao, H.X.H. (2009). Property rights and housing value: The impacts of political instability. Real Estate Economics 37 (2) : 235-257. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1540-6229.2009.00241.x|
|Abstract:||Political instability may weaken investors' belief in property rights, putting the investors in fear that part of the investment may be wasted due to poor protection. As a result, the investors are unwilling to pay a premium for the security of rights when facing political uncertainty. This article attempts to test the above hypothesis using 10-year freehold and leasehold housing transaction data in Hong Kong and Singapore, where different political scenarios, comparable land lease structures as well as similar property cycles were established during the period. The conceptual model yields testable predictions about our hypotheses, and the empirical results verify the predictions. © 2009 American Real Estate and Urban Economics Association.|
|Source Title:||Real Estate Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Feb 18, 2019
WEB OF SCIENCETM
checked on Feb 11, 2019
checked on Feb 9, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.