Please use this identifier to cite or link to this item:
Authors: QUEK LI YIN
Keywords: Real Estate
Addae-Dapaah Kwame
2010/2011 RE
Contrarian investment strategy
Issue Date: 19-Apr-2011
Citation: QUEK LI YIN (2011-04-19). CONTRARIAN REAL ESTATE INVESTMENT. ScholarBank@NUS Repository.
Abstract: Abstract The superiority of contrarian investment strategy on stocks is a well established fact in the finance literatures. As such, it would be useful to understand the implication of contrarian investment strategy on real estate. This study aims to examine the performance of contrarian strategies on real estate in Singapore. Empirical industrial real estate return data from 2000 Quarter 1 to 2010 Quarter 1 for Singapore was used to evaluate the relative superiority in the performance of value and growth industrial properties. The results show that value industrial properties investment produced superior returns as compared to growth industrial properties investment in the different holding periods (quarterly, 3 years, 5 years and more than 5 years). Risk based explanations for the superior returns to value strategies could not be rejected. In addition, it was observed that market participants tend to over-estimate future capital growth rates of growth properties relative to value properties. Keywords: Contrarian investment strategy, value properties, growth properties
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Quek Li Yin 2010-2011.pdf694.91 kBAdobe PDF


NoneLog In

Page view(s)

checked on Jan 26, 2023

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.