Spelling suggestions: "subject:"cousing - erices"" "subject:"cousing - aprices""
1 |
An empirical study of the major determinants of industrial property prices in Hong KongChan, Sheung-wah. January 2006 (has links)
Thesis (B.Sc)--University of Hong Kong, 2006. / Includes bibliographical references (p. 131-141)
|
2 |
Critical analysis of the implicit value of residential fitting-out work on residential property priceChung, Man-tik, Marvin. January 2006 (has links)
Thesis (B.Sc)--University of Hong Kong, 2006. / Includes bibliographical references (p. 89-94)
|
3 |
The effect of Chinese culture on the implict value of graveyard view in Hong Kong residential property marketYeung, Yuen-ting, Judith. January 2005 (has links)
Thesis (B.Sc)--University of Hong Kong, 2005. / Includes bibliographical references.
|
4 |
Predicting the impacts on residential property values from changes in water qualityDoverspike, Mark Steven 18 April 1980 (has links)
Eutrophication is the accelerated aging process of a lake which
generally decreases the water quality in terms of aesthetic and recreational
uses. At Liberty Lake, near Spokane, Washington, eutrophication
has become a problem. Many individuals and agencies are interested in
the benefits that occur when the lake's water quality has improved.
In this research the benefits to private property owners were
measured at Liberty Lake. Three methods — present sales, appraised
value and personal interview — were compared and empirically tested to
determine the economic benefits to private property owners as well as the
overall community impact. For this study property was defined as land,
buildings and other improvements.
Current market sales and appraised values at six different lakes,
each with different water quality levels, were used as the dependent
variables for the present sales and appraised value methods. The dependent
variables were regressed against several factors including physical
(.housing, neighborhood, accessibility, and environmental characteristics)
to estimate the effect water quality had on property values. A quadratic
and double logarithmic function were examined. In the results a positive
relationship was found between water quality and the dependent variables.
A 100 percent increase in the water quality ranking resulted in
a $3,800 increase in the sales price per lot and $884 increase in the
appraised value per lot for the quadratic function.
Separate equations were determined for vacant lots. The dependent
variables were the same, but only neighborhood, accessibility and environmental
characteristics were used to estimate the effect water quality had
on property values. In the quadratic form with a 100 percent increase in
the water quality ranking, sales price increased $556 per lot and appraised
value increased $782 per lot.
In the personal interview method home owners at Liberty Lake were
interviewed and asked for how much they would be willing to buy and sell
a particular home at different water quality levels. The differences
between the two buying and selling prices were the estimated impact of a
change in water quality and totaled $4,795 and $5,679, respectively.
Both differences were significant at the one percent level. The buying
price difference was used when comparing the personal interview method to
the other methods, since it was less likely to overestimate the water
quality effect.
This research used the best water quality index available, but there
is a definite need for future research to develop a uniform water quality
index. / Graduation date: 1980
|
5 |
An empirical analysis of the impacts of government policies on private housing prices in Hong KongLaw, Pui-man. January 2005 (has links)
Thesis (B.Sc)--University of Hong Kong, 2005. / Includes bibliographical references (p. 87-100)
|
6 |
An empirical analysis of the impact of improvement of public transportation on the private residential property price a study of the Ma On Shan rail /Leung, Kin-wing. January 2006 (has links)
Thesis (B.Sc)--University of Hong Kong, 2006. / Includes bibliographical references (p. 128-137)
|
7 |
The impact of sandwich class housing scheme on adjacent private propertiesMui, Kai-yeung. January 2006 (has links)
Thesis (B.Sc)--University of Hong Kong, 2006. / Includes bibliographical references (p. 177-195)
|
8 |
An empirical study of the impact of urban renewal project on nearby residential property prices in Hong Kong a case study in Kennedy Town /Wu, Cheuk-nam. January 2006 (has links)
Thesis (B.Sc)--University of Hong Kong, 2006. / Includes bibliographical references (p. 79-87)
|
9 |
Liquidity risk and asset pricing in the housing marketZheng, Xian, 郑贤 January 2013 (has links)
The role of liquidity in asset pricing model has attracted much attention in recent financial studies; however there is a paucity of literature with respect to liquidity risk and asset pricing in the direct housing market. The housing market is characterized by costly searching, inelastic supply and short-sale constraints. It is expected that the housing market should incur more significant illiquid effects, since it is much more illiquid than stock market. Motivated by this intuition, this thesis aims to explore 1) whether and to what extent liquidity can explain variations in over-time/crosssectional housing returns; and 2) whether liquidity factor plays a role in explaining the second moment (i.e. volatility) of housing price.
We employ the panel regression and Fama-MacBeth two-stage procedure to investigate over-time and cross-sectional relations between liquidity and housing return. Liquidity asset pricing theory suggests that assets with lower degree of liquidity offer higher expected returns. Consistent with this prediction, the panel regression results suggest that housing return is a decreasing function of liquidity in previous year, while it is positively relative to contemporary liquidity shocks. For the cross-sectional asset pricing tests, housing estate specific betas are estimated using rolling time-series regressions of a three-factor asset pricing model. We investigate the proposition that housing estates with greater return sensitivity to market liquidity earns higher expected return. Using a disaggregate dataset of 55 popular housing estates, we find (1) both market liquidity beta and housing estate specific liquidity risk are significantly priced in the cross-sectional housing estate returns, implying that cross-sectional differences in estate premium partially represent the liquidity premium. (2) The market beta, sentiment beta and market liquidity beta explain 14.36% of variations in cross-sectional estate returns. The results are robust across different specifications. (3) Investors are less willing to bear liquidity risk during the down markets, which shed new light on the positive price-volume correlation. These findings complement the cross-sectional liquidity-return relationship in the financial literature.
Measuring housing price volatility is fundamental to the study of the dynamics of housing price risk. We investigate the effects of liquidity on housing price volatility in different housing classes (classified by size of the housing unit according to the Rating and Valuation Department’s definitions). Housing price volatility is measured as the conditional variance of a GARCH model under the Adaptive Expectations framework. We reveal that volatility transmits from small housing units to large housing units, which indirectly supports the trade-up effect in previous literature.
Besides, the starter and high-end housing classes are extraordinarily sensitive to negative and positive liquidity shocks respectively. Consistent with the friction search theory, we find that the pricing errors are alleviated as the trading volume increases, since the valuated price tends to be more accurate as more information arrives. Lastly, the variance decomposition and impulse response results imply that the positive liquidity shock accounts for a large proportion of variations in housing volatility. / published_or_final_version / Real Estate and Construction / Doctoral / Doctor of Philosophy
|
10 |
The relationship between accessibility and house priceKim, Sang-Hyuck 05 1900 (has links)
No description available.
|
Page generated in 0.0565 seconds