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Article: Linkages between direct and indirect property performance in Hong Kong

TitleLinkages between direct and indirect property performance in Hong Kong
Authors
KeywordsHong kong
Property markets
Property
Issue Date1996
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.mcb.co.uk
Citation
Journal of Property Finance, 1996, v. 7 n. 4, p. 9-29 How to Cite?
AbstractAssesses the relationship between Hong Kong property company and commercial property market performance over 1984-94. Finds that property companies provide a useful source of transaction-based information about changing property market fundamentals. The unique property market characteristics in Hong Kong mean that information is impounded into direct property series quickly, within one quarter of being impounded into indirect property company stock prices. Finds a common “pure” property element that influences both property company and property market returns. This results in investors capturing some portion of Hong Kong property market returns by investing in property companies, as well as achieving liquidity and portfolio diversification.
Persistent Identifierhttp://hdl.handle.net/10722/42240
ISSN

 

DC FieldValueLanguage
dc.contributor.authorNewell, Gen_HK
dc.contributor.authorChau, KWen_HK
dc.date.accessioned2007-01-08T02:32:21Z-
dc.date.available2007-01-08T02:32:21Z-
dc.date.issued1996en_HK
dc.identifier.citationJournal of Property Finance, 1996, v. 7 n. 4, p. 9-29en_HK
dc.identifier.issn0958-868Xen_HK
dc.identifier.urihttp://hdl.handle.net/10722/42240-
dc.description.abstractAssesses the relationship between Hong Kong property company and commercial property market performance over 1984-94. Finds that property companies provide a useful source of transaction-based information about changing property market fundamentals. The unique property market characteristics in Hong Kong mean that information is impounded into direct property series quickly, within one quarter of being impounded into indirect property company stock prices. Finds a common “pure” property element that influences both property company and property market returns. This results in investors capturing some portion of Hong Kong property market returns by investing in property companies, as well as achieving liquidity and portfolio diversification.en_HK
dc.format.extent59501 bytes-
dc.format.extent119582 bytes-
dc.format.extent2724 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypetext/plain-
dc.languageengen_HK
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.mcb.co.uken_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectHong kongen_HK
dc.subjectProperty marketsen_HK
dc.subjectPropertyen_HK
dc.titleLinkages between direct and indirect property performance in Hong Kongen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0958-868X&volume=7&issue=4&spage=9&epage=29&date=1996&atitle=Linkages+between+direct+and+indirect+property+performance+in+Hong+Kongen_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1108/09588689610152363en_HK
dc.identifier.hkuros26216-

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