Hong Kong property cycle - A frequency domain analysis

K. F. Man, K. W. Chau

Research output: Unpublished conference presentation (presented paper, abstract, poster)Conference presentation (not published in journal/proceeding/book)Academic researchpeer-review

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 languageEnglish
Pages275-290
Number of pages16
Publication statusPublished - 1 Jan 2010
Event15th 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 20107 Aug 2010

Conference

Conference15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010
CountryMalaysia
CityJohor Bahru
Period6/08/107/08/10

Keywords

  • Hong Kong property cycle
  • Spectral analysis

ASJC Scopus subject areas

  • Building and Construction
  • Architecture
  • Strategy and Management
  • Business and International Management
  • Urban Studies

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