1.

Record Nr.

UNINA9910449911903321

Titolo

International real estate [[electronic resource] /] / guest editors, Tien Foo Sing and Seow Eng Ong

Pubbl/distr/stampa

[Bradford, England], : Emerald Group Pub., 2004

ISBN

1-280-51527-9

9786610515271

1-84544-385-3

Descrizione fisica

1 online resource (139 p.)

Collana

Journal of property investment & finance ; ; v. 22, no. 1, 2004

Altri autori (Persone)

SingTien Foo

OngS. E (Seow Eng)

Disciplina

363.5

Soggetti

Real property - Asia

Real property - Singapore

Real property - Indonesia

Real property - China - Hong Kong

Housing - Asia

Housing - Korea

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

CONTENTS; EDITORIAL ADVISORY BOARD; Abstracts and keywords; Guest editorial; Testing the statistical significance of real estate in an international mixed asset portfolio; Property price indices in the Commonwealth; An analysis of the trends and cyclical behaviours of house prices in the Asian markets; Land value capture mechanisms in Hong Kong and Singapore; Restrictions on the foreign ownership of property; Preferences for Korean seniors housing; Note from the publisher

Sommario/riassunto

This study re-examines the potential role that direct real estate can play in institutional mixed-asset portfolios. The paper examines the statistical improvement in performance that can result from the inclusion of real estate in an international mixed asset portfolio, using both in-sample and out-of-sample data. Using US real estate data the



results provide evidence that in most cases real estate does not lead to a significant improvement in portfolio performance in sample. However, out-of-sample tests indicate that the asset does provide a valuable diversification asset, with significant im