by Cheng Ngai Fai, Tong Wai Kin, Kenneth. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaf 50). / Chapter 1. --- INTRODUCTION --- p.1 / Chapter 2. --- OBJECTIVES --- p.4 / Chapter 3. --- LITERATURE REVIEW --- p.6 / Overview of REITs --- p.6 / The Current Market of REIT --- p.8 / Regulations Imposed on REITs --- p.10 / Performance of the REITs --- p.12 / Key Success Factors and Marketability of REITs --- p.14 / Avoid Double Taxation --- p.14 / Current Income --- p.15 / High Liquidity --- p.15 / Professional Management --- p.16 / Portfolio Diversification --- p.16 / Performance Monitoring --- p.17 / Inflationary Hedge --- p.18 / Attraction of REITs to Pension Investors --- p.19 / REIT Dependence on Capital Markets --- p.20 / Who Will Supply the Capital --- p.21 / Four Basic Investment Methods --- p.23 / Real Estate Analysis --- p.24 / Chapter 4. --- HONG KONG ECONOMIC AND FINANCIAL ENVIRONMENT --- p.25 / General Economy --- p.25 / Hong Kong Stock Market --- p.28 / Hong Kong Debt Market --- p.30 / Hong Kong Property Market --- p.32 / Chapter 5. --- ANALYSIS --- p.35 / Hong Kong Stock Market --- p.35 / Simulation of REIT in Hong Kong --- p.39 / Chapter 6. --- DISCUSSION --- p.43 / Internal Rate of Returns --- p.43 / Risks and Returns --- p.44 / Limitations on Our Studies --- p.45 / Conclusions --- p.45 / APPENDIX --- p.47 / BIBLIOGRAPHY --- p.52
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_321765 |
| Date | January 1997 |
| Contributors | Cheng, Ngai Fai., Tong, Wai Kin Kenneth., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, 50 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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