| Asian Real Estate Society Sixth Annual Conference in Japan | |||
| Detailed Program (July 25, 2001) | |||
| Session A | |||
| 1 August, 1:30 pm - 3:00 pm | |||
| 1-1 Macro Analysis of Housing and Asset | |||
| Chair: Thomas G. Thibodeau, Southern Methodist University | Reporter | Discussant | |
| Quality for Customers ? | Leo Hendriks, Strategy & Research | Gaolu Zou | |
| An Econometric Analysis of the Impact of Growth of GDP on Construction over the Past Twenty Years in China—PracticeOf Cointegrating Theory and Cointegration Test Technique | Gaolu Zou, Hong Kong University and Jieming Zhou, Sichuan Normal University | John Keogh | |
| The Harvesting of Biosphere Assets: Should governments control the trade in proprietory rights through an information economy system? | Dr. John Keogh, University of Western Sydney | Leo Hendriks | |
| 1-2 Housing and Affordability | |||
| Chair: Liu Hongyu, Tsinghua University | Reporter | Discussant | |
| Tenure Choice, Life Cycle, and Female Labor Force Participation: The Case of Taiwan | Chu-Chia Lin, National Chengchi University and Chien-Lian Chen, National Chi-Nan University | Steven C. Bourassa | |
| Affordability of Housing in Beijing | Wang Hong, Tsinghua University and Chen Yin, Cushman & Wakefield | Chu-Chia Lin | |
| Do Housing Submarkets Really Matter? | Martin Hoesli, University of Geneva and Steven D. Bourassa, University of Louisville | Wang Hong | |
| 1-3 English Panel: Real Estate Prices and Capital Markets | |||
| Moderator: | Panelists: | ||
| Koichi Mera, USC | Stuart Gabriel, USC | ||
| Kyung-Hwan Kim, Sogang University | |||
| Chu-Chia Lin, National Chengchi University | |||
| Kiyohiko Nishimura, University of Tokyo | |||
| 2-1 Real Option(1) | |||
| Chair: Wang Ko, The Chinese University of Hong Kong | Reporter | Discussant | |
| Real Options, Competition, and Investment: Evidence from Real Estate Development | Larne, Bulan (Graduate of Business, Columbia University), Christopher Mayer, C.Tsuriel Somerville | Hajime Takatsuka | |
| REAL OPTIONS IN PROPERTY DEVELOPMENT | Eddie C.M HUI (The Hong Kong Polytechnic University) | Yoshida Jiro | |
| On the Optimal Land Development Problem under Uncertainty | Hajime Takatsuka (Kagawa University) | Eddie C.M HUI | |
| 2-2 Real Estate Investment (1) | |||
| Chair: Seow Eng ONG, National University of Singapore | Reporter | Discussant | |
| Income valuation of real estate in changeable environment | Igor Psunder | Rae Weston | |
| Enhancing Asset Quality in HKSAR$B!G(Js Real Estate Markets | Lawrence Wai-Chung Lai (University of Hong Kong) | Berry Fong-Chung Hsu | |
| The Role of Asian property investments in UK and US Property Investment Portfolios 1988-97 | Rae Weston (Macquarie Graduate School of Management) | Igor Psunder | |
| Session B | |||
| 1 August, 3:20 pm - pm 5:20 pm | |||
| 1-4 Housing Market and Price Determination | |||
| Chair: Yoshitsugu Kanemoto, University of Tokyo | Reporter | Discussant | |
| House Prices and House Investment in Sweden and UK. Econometric Models for the Period 1970-1994 | Bharat Barot, National Institute of Economic Research and Zan Yang | Kazuto Sumita | |
| Economic Fundamentals in Local Housing Markets: Evidence from U.S. Metropolitan Regions | Min Hwang, UCB and John Quigley, UCB | Ryohei Nakamura | |
| An Econometric Evaluation of the U.S. Rental Housing Market Model | Kazuto Sumita, Keio University | Chenmao Sheng, Suzhou Institute of Urban Construction & Environmental Protection | |
| 1-5 Land Use Policy | |||
| Chair: Kyung-Hwan Kim, Sogang University | Reporter | Discussant | |
| An Empirical Investigation of Urban Agricultural Land Use and the 1991 Tax Reform In Japan | Motohiro Adachi, Wakayama University | Chung-Ho Kim | |
| Land Acquisition Compensation in China $B!>(J Problems & Answers | Nelson Chan, University of Western Sydney | Kyung-Hwan Kim | |
| Rent Seeking or Ideology? Driving Forces of Korean Land Use Regulations | Chung-Ho Kim, Korean Center for Free Enterprise and Kyung-Hwan Kim, Sogang University | Motohiro Adachi | |
| Hong Kong$B!G(Js Land Policy After 1997---Housing and Urban Economics | Ka-chui IsaacNG, City University of Hong Kong | Nelson Chan | |
| 1-C1 Chinese Session 1: Real Estate Developemnt | |||
| Chair: Sing Tien Foo, National University of Singapore | Reporter | ||
| The Research of Redevelopment Land Appraisal: Viewpoint of Real Option Theory | Fengyao Chen, National Chengchi University | ||
| The relationship between Urbanization and Housing Develop of Shanghai City | Pei Cui | ||
| The Impact of China's Joining World Trade Organization on Chinese Real Estate: Opportunities and Challenge | Zhiming Gu, Wuhan University of Science and Technology | ||
| Jiang Lou, Tongji University | |||
| The Queries to The policy of Chinese Economical Housing in the Reformation of Housing Policy. | Hongming Zhang, Institution of Real Estate Shanghai Society Academy | ||
| 2-3 CMBS & Finance | |||
| Chair: Vandell Kerry, University of Wisconsin, Madison | Reporter | Discussant | |
| Commercial Mortgage-backed Securities: Prepayment and Default | Brent Ambrose (University of Kentuky), Anthony Sanders | Tyler T. Yang | |
| Mortgage Pricing with A Memory Efficient Lattice Model | Tyler T. Yang (Federal Home Loan Mortgage Corporation) | Zhiming Gu | |
| Inquiry on countermeasure of perfecting, Chinese Housing Provident Funds | Zhiming Gu | Brent Ambrose | |
| 2-4 English Panel: Real Estate Securitization in Asia | |||
| Moderator: | Panelists | ||
| James D.Shilling (University of Wisconsin, Madison) | Seow Eng ONG (National University of Singapore) | ||
| Greg Chun (Kimpo College) | |||
| Robert Edelstein (University of California, Berkeley) | |||
| Yuichiro Kawaguchi (Meikai University) | |||
| Session C | |||
| 2 August, 9:00 am -10:30 am | |||
| 1-6 Housing Demand & Tenure Choice (1) | |||
| Chair: Chin-Oh Chang, National Chengchi University | Reporter | Discussant | |
| The Joint Decision of Intra-metropolitan Movers' Location and Housing Tenure Choice-A Case of Taipei Metropolitan Area | Li-Min Hsueh, Chung-Hua Institute for Economic Research and His-peng Tseng, National Taipei University | Tien-Foo Sing | |
| How Japan's Various Levels of Government Influence the Distribution of Household Assets through Home Ownership Policies | Yoko Gotoh, Sakushingakuin University | Li-Min Hsueh | |
| 1-7 Urban Economics (1) | |||
| Chair: Masahisa Fujita, Kyoto University | Reporter | Discussant | |
| Evaluating the Efficiency of Urban Structure by Wasteful Commuting: A Case Study of Seoul and Tokyo Metropolitan Area | Myoung-Young Pior, Meikai University | Hisaki Yamaga | |
| Optimal Railway Network | Yu-ichiroYoshida, Boston College | Komei Sasaki, Tohoku University | |
| Agglomeration Externality and Urban Industrial Structure-Empirical Analysis of Japanese Manufacture Industries- | Junichi Suzuki, Keio University | Tatsuaki Kuroda, Nagoya University | |
| 1-8 Housing Market (1) | |||
| Chair: Ka-chui,Isaac NG, City University of Hong Kong | Reporter | Discussant | |
| Urban Development under Ambiguous Property Rights- A Case of the Transition Economy | Jieming Zhu, National Univeristy of Singapore | Wen-Chieh Jack Wu | |
| The Effects of Inheritance Taxes and Capital Gains Taxes on the Intertemporal Housing Demand | Wen-Chieh Jack Wu, National Chengchi University | Yasuko Fukui | |
| What is Going on in Japanese Assessment? | Yasuko Fukui, Institute of Urban Economy | Jieming Zhu | |
| 2-5 Real Option(3) | |||
| Chair: Sa-Aadu, Jarjisu, University of Iowa | Reporter | Discussant | |
| Real Option Analysis of "Kanshi Kuiki Regulation in Japanese Real Estate Market | Hiroshi Yamaguchi (Nihon kasa ikaijo hoken) | Rose Neng Lai | |
| Analysis of Hotel Overbuilding Based on Real Options Exercise Strategies | Rose Neng Lai (University of Macau),Louise Ng,, Yuqing Zhou | Hiroshi Yamaguchi | |
| Board Composition, Control of Shareholder Voting Rights and Performance of Real Estate Investment Trusts | Chinmoy Ghosh (University of Connecticut) | Chiuling Lu | |
| 2-6 T.O.M.&Liquidity | |||
| Chair: Ambrose Brent | Reporter | Discussant | |
| Time on the market in equilibrium market conditions | Gerald Brown and Tien Foo(National University of Singapore) | ZhenGuo Lin | |
| The Trade-off Between the Selling Price of Residential Properties and Time-on-the-Market: The Impact of Price Setting | Paul Anglin (University of Windsor and University of British Columbia), Ronald Rutherford, Thomas Springer | Gerald Brown | |
| Illiquidity and Real Estate Assets | ZhenGuo Lin(University of Wisconsin, Madison), Kerry Vandell | Paul Anglin | |
| Session D | |||
| 2 August, 10:45 am - 12:35 | |||
| 1-9 Location Analysis | |||
| Chair: Hisayoshi Morisugi, Tohoku University | Reporter | Discussant | |
| Location, Market Segmentation, and Returns to Human Capital: The Privatization of China's Labor Markets | Yuming Fu, Univeristy of Wisconsin and Gabriel Stuart, USC | Hideo Nakano, Sensyu University | |
| The Headquarters Office Location Change in Taipei Metropolitan Area | Chin-Oh Chang, National Chengchi University and Ming-Yih Huang, Chengchi University | Akinori Sugiura, Keio University | |
| Location determinants of new manufacturing plants in Taiwan | Nan-Yu Chu, National Taipei University and Chao-Kai Mao, | Yuming Fu, University of Wisconsin | |
| Labelling Effects and the Price of Street Level Retail Shops | KW Chau, University of Hong Kong and F. Pretorius | Hisa Morisugi, Tohoku University | |
| 1-10 Urban Development and City Planning | |||
| Chair: Koichi Mera, University of Southern California | Reporter | Discussant | |
| Evaluation of the Implementation of Garden City Concept in Malaysia | Ho,Chin Siong Ho, University of Technology Malaysia and Ismail Said, Lilian Tai Yee Chi | Ritsuko Yamazaki | |
| Determining Cultural-Ethnic Landscape in Terrace Housing Community in Malaysia | Ismail Said, University of Tecnology Malaysia | Kang-Li Wu | |
| Developing a New Community-Based Planning Information Management Model for Managing Post-921 Earthquake Community Redevelopment in Taiwan | Kang-Li Wu, National Dong-Hwa University | Ismail Said | |
| A Study on Mixed-Use Development | Ritsuko Yamazaki, Ministry of Land, Infrstructure and Transport | Chin Siong Ho | |
| 1-11 English Panel: Tenure and Real Estate | |||
| Moderator: | Panelist | ||
| John L. Glascock, George Washington University | Charles Leung, Chinese University of Hong Kong | ||
| Yangpin Shen, Yuan Ze University, Tiwan | |||
| 2-7 MBS | |||
| Chair: Yang,Tyler, Federal Home Loan Mortgage Corporation | Reporter | Discussant | |
| Pricing Mortgage-Backed Securities(MBS): A Model Describing the Burnout Effect | Takeaki Kariya (Kyoto University) | Nancy Wallace | |
| Upward Mobility and Prepayment Risk | Seow Eng ONG (National University of Singapore ) | David Nickerson | |
| Assessing Systemic Risk Exposure Under Alternative Approaches for Capital Adequacy | David Nickerson(Freddie Mac, Colorado State University) | Seow Eng ONG | |
| An Empirical Test of a Two-Factor, Mortgage Prepayment and Valuation Model: How Much Do House Prices Matter? | Nancy Wallace (University of California at Berkeley) | Takeaki Kariya | |
| 2-8 Real Estate Market and Industry | |||
| Chair: Robert Edelstein, University of California, Berkeley | Reporter | Discussant | |
| Internet's Impact on Real Estate Brokerage Performance in Taiwan | Chen-Wen (Sez-Hai Institute of Technology and Commerce) | Xiaowen | |
| Do Buyer and Seller Identity Affect Transaction Prices at the Income Property Market? | Kicki Björklund (Royal Institute of Technology),Peter Englund | Shunichi Maekawa | |
| Social Cost of the Property Market: Theoretical Approach using Bargaining Theory | Shunichi Maekawa (Meikai University) | Kicki Björklund | |
| The Quality of Real Estate Product: A Crucial Factor of Price and Marketing of Real Estate | Xiaowen (Zhejiang narada real estate group co.,ltd.) | Chen-Wen | |
| Session E | |||
| 2 August, 2:10 pm - 3:40 pm | |||
| 1-12 Externalities, Land Value | |||
| Chair: Komei Sasaki, Tohoku University | Reporter | Discussant | |
| Effect of Density Potential on Land Value in Urban Redevelopment:A Site-based Analysis for Residential Area in Seoul | Eui-Chul Chung, Taegu University and Changmoo Lee, Seoul National University | Wong,Ka-fu Wong, Chinese University of Hong Kong | |
| Land Value Functions in Cracow: the Evolution of a Commercial Land Market | David Dale-Johnson, USC | Shunichi Maekawa | |
| A Comparison of Various Models to Measure the Implicit Price Effect of Aircraft Noise | Valerie Kupke and Wayne Marano, University of South Australia | Kicki Bjoerklund | |
| 1-13 Housing Market (2) | |||
| Chair: Stuart A. Gabriel, University of Southern California | Reporter | Discussant | |
| Population Aging, Declining Fertility and Renters' Downpayment Saving in Japan | Yoko Moriizumi, Kanagawa University | Wu,Wen-Chieh Jack | |
| Utility analysis of Housing Economics System, An attempt of Using Utility Function in Study of Housing Economics | Minye Zhang, Chinese University of Hong Kong | Bharat Barot, National Institute of Economic Research | |
| The Analysis of the Apartment Price and its Change in Osaka, Japan | Yasushi Toda, University of Florida and Takao Ide, Seikei University | Minye Zhang | |
| 1-C2 Chinese Session 2: Real Estate Policies and Research | |||
| Chair: K.W. Chau, University of Hong Kong | Reporter | ||
| The Research and Practice of Land Lease Policy | Wubin Cheng, Ningbo Land Appraisal Institute | ||
| Real Estate Industry and Urban Economy | Yueping Mao, Institute of Shan Xi Urban Economy | ||
| Housing and Urban Economics | Huirong Xu, Economy Institution of Jiangsu Province | ||
| Research on Investment Structure of Real Estate Projects | Yong Ning Niu, Shenzhen University | ||
| The Real Estate Development of Tourism Destination and The Environment Consciousness | Weiwen Zhang, Zhejiang University | ||
| A study on the Securitization for Urban Land Storing mechanism in China | Keqiang Wang, Shanghai Financial and Economics University | ||
| 2-9 Liquidity&Market Analysis | |||
| Chair: Paul Anglin, University of Windsor and University of British Columbia | Reporter | Discussant | |
| Is the Property Price-Trading Volume correlation due to down-payment or information: Evidence from Hong Kong Residential property | Charles Ka Yui Leung (Chinese University of Hong Kong) | Fujita Yasunori | |
| The Liquidity of Residential Housing Market | Chiuling Lu (Yuan Ze University), Shihti Yu, Chia-yi | Charles Ka Yui Leung | |
| Land Price, Competition and Liquidation | Fujita Yasunori (Keio-Gijuku University) | Chiuling Lu | |
| 2-10
Japanese Panel: Developing Market For Real Estate Investment |
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| Moderator: | Panelists: | ||
| Takeaki Kariya University of Kyoto | Soichiro Moridaira, Keio University | ||
| Hajime Takata, Mizuho Securities | |||
| Hidetoshi Shiraishi, Ministrty of Land, Infrastructure, Transportation | |||
| Nagai Koichi, Mitsui Fudosan | |||
| Yuichiro Kawaguchi, Meikai University | |||
| Session F | |||
| 2 August, 4:00 pm - 5:50 pm | |||
| 1-14 Hedonic Analysis and Price Index | |||
| Chair: John M. Quigley, University of California at Berkeley | Reporter | Discussant | |
| A Housing Price Index and the Efficiency of the Hong Kong Residential Housing Market | Ka-fu Wong, Chinese University of Hong Kong | Yu ,Xiaohong | |
| An Investigation to the Factors Affecting the Price of Housing in Taiwan | Wu,Sun-Tien Wu, National Taipei University | Valerie Kupke, University of South Australia | |
| Practical analysis on the Real Estate Index in Beijing and Shanghai | Yu ,Xiaohong Yu, Suzhou Institute of Urban Construction & Environmental Protection | Takako Idee, Seikei University | |
| 1-15 Land Prices and Speculation | |||
| Chair: Kiyohiko Nishimura, University of Tokyo | Reporter | Discussant | |
| A Structural Model for Japanese Land Prices | Robert H. Edelstein, Branko Urosevic, and Gerd Welke, UCB | K.W. Chau | |
| Speculation and Property Prices - Empirical Evidence From Historical Price Trends in Hong Kong | K.W. Chau and Bonnie H. M. Lam, University of Hong Kong | David Dale-Johnson | |
| How Far Down Will the Japanese Land Price Go? | Koichi Mera, USC. | Hongyu,Liu | |
| Real Estate Prices and Macro Economy-the Japanese Experiences and its Apocalypses to China | Liu Hongyu and Shen Yue, Tsinghua University | Koichi Mera, USC. | |
| 1-J1 Japanese Session 1 | |||
| Chair: Hiroyuki Yamada | Reporter | ||
| Problem of the Urban Planning Tax in Japan | Akira Sawamura, Niigata University | ||
| Hedonic Analysis of the Newly Built Condominium Prices in Tokyo Metropolitan Area | Mieko Fujisawa, City Planning & Housing Research Institute and Kazuto Sumita, Keio University | ||
| On the Risk Sharing in PFI Project in Case of Japan | Jina Lee, University of Tokyo | ||
| Development of the Integrated Tokyo Metropolitan Model | Fumihiro Matsushita, Appraisal Ltd. | ||
| Urban Renewal and related Tax-Social Security System in France | RyokoOya, Seijo University Junior College | ||
| 2-11 Mortgage | |||
| Chair: Moriizumi, Yoko, Kanagawa University | Reporter | Discussant | |
| Assessing Systemic Risk Exposure Under Alternative Approaches for Capital Adequacy | David Nickerson (FreddieMac, Colorado State University) ,Paul Kupiec | Ying-Foon Chow | |
| ECONOMICS OF MORTGAGE TERMINATION IN INDIA | Piyush Tiwari (University of Tsukuba) | Anthony Gu | |
| Mortgage Payment as a Portion of Income: A Better Solution | Anthony Gu(State University of New York), Joseph Trefzger | Piyush Tiwari | |
| Residential Mortgage Lending and Borrower Risk: The Relationship between Mortgage Spreads and Individual Characteristics | Ying-Foon Chow (The Chinese University of Hong Kong ), Raymond Chiang, Ming Liu | David Nickerson | |
| 2-12 Real Option(2) | |||
| Chair: Nancy Wallace, University of California at Berkeley | Reporter | Discussant | |
| Residential Investment and Interest Rates: An Empirical Test of Land Development as a Real Option | Dennis R. Capozza, Yuming Li (California State University) | Y. Kawaguchi | |
| Equilibrium Real-Option Exercise Strategies with Multiple Players: The Case of Real Estate Markets | Ko Wang (The Chinese University of Hong Kong), Yuqing ZHOU | Jiro Yoshida | |
| Effects of Uncertainty on the Investment Decision: An Examination of the Option-Based Investment Model Using Japanese Real Estate Data | Jiro Yoshida (Development Bank of Japan) | Yuming Li | |
| The Pricing of Real Options in Incomplete Real Estate Markets | Y. Kawaguchi (Meikai University) | Ko Wang | |
| 2-13 English Panel: Success and Obstacles in Creating Robust Secondary Mortgage Markets | |||
| Moderator: | Panelists: | ||
| Soula Proxenos, Fannie Mae | Kevin Stephenson, Fitch IBCA | ||
| Gloria Hsu, Chinatrust Commercial Bank | |||
| Koichi Suzuki, The Government Housing Loan Corporation of Japa | |||
| Susie Cheung(Tentative), The Hong Kong Mortgage Corporation | |||
| Session G | |||
| 3 August, 9:00 am - 10:50 am | |||
| 1-16 Housing Demand & Tenure Choice (2) | |||
| Chair: John L. Glascock, George Washington University | Reporter | Discussant | |
| The Second Homes in Taiwan | Chi-Oh Chang and Chung-Hsien Yang, National Chengchi University | Richard K. Green | |
| Home Ownership and the Duration of Unemployment: A Test of the Oswald Hypothesis | Richard K. Green, University of Wisconsin and Patric Hendershott, University of Aberdeen | Chu-Chia Lin, National Chengchi University | |
| The Impact of the Bubble Burst on Japanese Housing Demand | Miki Seko & KoyoMiyoshi, Keio University | Sun-Tien Wu, National Taipei University | |
| 1-17 Housing Market (3) | |||
| Chair: Chu-Chia Lin, National Chengchi University | Reporter | Discussant | |
| Vacancy and the Price Adjustment Mechanism in the Housing Market | Masaaki Komai, Keio University | Chen, Yen-Jong | |
| Housing Vacancy Chains in Taiwan | Yen-Jong Chen, Cheng-Kung University | Masaaki Komai | |
| Duration of Residence In the Rental Housing Market | Yongheng Deng, Stuart A. Gabriel, USC and Frank E. Nothaft, Freddie Mac | William C. Wheaton, MIT | |
| 1-18 Land Use and GIS | |||
| Chair: Yasushi Asami, University of Tokyo | Reporter | Discussant | |
| Housing Values and Neighborhood Dynamics | Chengri Ding, Texas A&M University | Xiaolu Gao | |
| A Study on the Externality Effects of Lot Size and Land Division in Urban Detached Residential Areas | Xiaolu Gao & Yasushi Asami, University of Tokyo | Chengri Ding | |
| The Japanese Tenant Protection law and Asymmetric Information on Tenure Length | Shin-ichiro Iwata, Toyama University | Chien-Liang Chen, National Chi-Nan University | |
| 2-14 REIT | |||
| Chair: David Nickerson, FreddieMac, Colorado State University | Reporter | Discussant | |
| The Role of Executive Stock Options in Share Repurchase Decisions: An Analysis with Real Estate Investment Trusts (REITs) | Chinmoy Ghosh (University of Connecticut), Ozcan Sezer,C.F.Sirmans | Robert M. Mooradian | |
| The Information Content of REIT Accounting Performance: The Application of Fuzzy Multiple Attribute Decision Making | Chiuling Lu (Yuan Ze University), Chih-Shian Chang | Chinmoy Ghosh | |
| DIVIDEND POLICY AND FIRM PERFORMANCE: HOTEL REITS VERSUS NON-REIT HOTEL COMPANIES | Robert M. Mooradian (Northeastern University ), Shiawee X.Yang | Katja Popp | |
| Corporate Real Estate Management Increasing Shareholder Value | Katja Popp (Technical University Munich) | Chiuling Lu | |
| 2-15 Real Estate Portfolio | |||
| Chair: Sing Tien Foo, National University of Singapore | Reporter | Discussant | |
| The Downside Exposure of Real Estate Portfolios | Ping Cheng (Salisbury State University) | Stephen L. Lee | |
| RISK AND WITHIN REAL ESTATE PORTFOLIO | Maurizio d`Amato (Architecture and Planning Department 1st School of Engineering) | Jarjisu Sa-Aadu | |
| The Stability of Real Estate Portfolio Betas and the Portfolio Construction Process | Stephen L. Lee (The University of Reading Whiteknights) | Maurizio d`Amato | |
| The Persistence and Timing of Portfolio Diversification Gains across Different Asset Classes | Jarjisu Sa-Aadu,James Shilling,Ashish Tiwari | Ping Cheng | |
| Session H | |||
| 3 August, 11:10 am - 1:00 qm | |||
| 1-19 Housing Economics | |||
| Chair: Bourassa | Reporter | Discussant | |
| Participation of Foreign Investment in Asian Housing Market | Jurgen Rosemann & Hao Hu, Delft University of Technology | Yonghen, Deng, USC | |
| Analysis of Effectiveness, Fairness and Sustainability of Chinese | Zhenming Ge, Tonghi University | Shu-Mei Chen | |
| The Asian Financial Crisis, Institutional Mediation and The Hong Kong Residential Housing Market | K.K. Fung, City University of Hong Kong | Gaolu Zou | |
| A Study of Households Mobility Decision and the Moving Path Decision | Chen,Shu-Mei and Chang,Chin-Oh | Zhenming Ge | |
| 1-20 Urban Economics (2) | |||
| Chair: Tatsuo Hatta, University of Tokyo | Reporter | Discussant | |
| Outsourcing Business Services and the Scope of Local Markets | Yukako Ono,Brown University | Junichi Suzuki, Keio University | |
| Progress of Urbanization in China and its Real Estate Investment | Sheng,Chenmao Sheng, Suzhou Institute of Urban Construction & Environmental Protection and Zhida Fang, Xiaohong Yu | Ka-Chui Isaac NG, City University of Hong Kong | |
| Fatigue Cost of Commuting and Optimum Congestion Charge : An Empirical Estimation | Tatsu Hatta,University of Tokyo and Hisaki Yamaga, University of Tsukuba | Pior,Myoung-Young | |
| Where and how should density regulations be imposed? | Hisayoshi Morisugi, Tohoku University | Chenmao Sheng | |
| 1-J2 Japanese Session 2 | |||
| Chair: Yoshihisa Asada, Meikai University | Reporter | ||
| Quality-Adjusted Price Index of Real Estate | Takashi Omori, Cbinet Office of Japan, Takuro Kamisaka, Aozora Bank Research, and Hirofumi Oh-hinata, Cabinet Office of Japan | ||
| Tax System for Residential Housing and Marginal Effective Tax Rate of Owner-Occupied Housing | Ken-ichi Shiraishi, Keio University | ||
| Wealth Effects from Changes in the World Interest Rate | Noriko Ashiya, Meikai University | ||
| Time Series Analysis of Japanese Land Value Trends after the WW2 | Hiroyuki Yamada, Osaka University of Commerce and Takaaki Yoshioka, Osaka University | ||
| Perspectives of Japanese Real Estate Market | Hisatsune Arata, Institute of Urban Economy | ||
| 2-16 Real Estate Investment(2) | |||
| Chair: Chinmoy Ghosh, University of Connecticut | Reporter | Discussant | |
| A Model of the Determinants of Japanese Overseas Investment and Its Impact on Host Real Estate Markets in the Period 2000-2003 | Manuel Panagiotopoulos (Doctoral Research Student) | Charles Ka Yui Leung | |
| A Cointegration Approach to the Supply of Singapore Industrial Property | Seow Eng Ong (National University of Singapore) | Kwan-Young Kim | |
| the Relationship between National Economy and Real Estate Investment Scale in China | Lanfen Li (Southern Institute of Metallurgy ) | Yuen Leng CHOW | |
| A Comparison between Company and Individual Investors: the case of Hong Kong Property Market | Charles Ka Yui Leung (Chinese University of Hong Kong) | Lanfen Li | |
| 2-17 Risk, Return, and Price Dynamics | |||
| Chair: | Reporter | Discussant | |
| Rate of return of private rented dwellings in Britain | Toru Kurahashi (Chiba University) | Tien Foo Sing | |
| Mean Reversion of Singapore Property Stock Prices Towards Their Fundamental Values | Tien Foo Sing (National University of Singapore), Kim Hiang Liow, Wei-Jin Calvin Chan | Shaun Bond | |
| A Measure of Fundamental Volatility in the U.K. Commercial Property Market | Shaun Bond (University of Cambridge), Soosung Hwang, Kanak Patel | Yang Zan | |