Abstract
This paper aims to study the stylized facts of the Hong Kong property (price) cycle empirically. Spectral analysis will be employed to investigate individual cycle for each of the four common real estate market segments, i.e. residential, office, retail and industrial. Various filters including the well known HP filter, first differencing filter etc. will be used in the pre-whitening procedure. The result is interesting in the sense that all the four segments exhibit a four year cycle period apart from some other segment specific cycle periods.
| Original language | English |
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| Pages | 275-290 |
| Number of pages | 16 |
| Publication status | Published - 1 Jan 2010 |
| Event | 15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010 - Thistle Hotel, Johor Bahru, Malaysia Duration: 6 Aug 2010 → 7 Aug 2010 |
Conference
| Conference | 15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010 |
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| Country/Territory | Malaysia |
| City | Johor Bahru |
| Period | 6/08/10 → 7/08/10 |
Keywords
- Hong Kong property cycle
- Spectral analysis
ASJC Scopus subject areas
- Building and Construction
- Architecture
- Strategy and Management
- Business and International Management
- Urban Studies