The significance of second tier city housing markets in China

W. U. Hao, Chyi Lin Lee, Nelson Chan

    Research output: Chapter in Book / Conference PaperConference Paperpeer-review

    Abstract

    ![CDATA[China’s housing market has grown at an impressive speed in terms of its volume and depth since the 1990s housing reform. The issues surrounding Chinese housing markets have started to attract major attention in the real estate literature. So far little attention has been placed on second tier city property markets, which implies a lack of awareness of this potentially significant investment vehicle for international investors. This study aims to investigate the effectiveness of China’s second tier housing markets as an investment vehicle. In the analysis, the performance and diversification benefits of these markets were examined. The results show that the second tier housing markets in China can be effective property investment vehicles in light of their strong risk-adjusted returns, given certain market and policies requirements to be in place. Importantly, diversification benefits of these cities’ markets are evident. The findings provide valuable insights into the world’s largest emerging property investment market.]]
    Original languageEnglish
    Title of host publicationProceedings of 2009 International Conference on Construction and Real Estate Management, Beijing, China, 5-6 November, 2009
    PublisherChina Architectue and Building Press
    Pages986-991
    Number of pages6
    ISBN (Print)9787112114542
    Publication statusPublished - 2009
    EventInternational Conference on Construction and Real Estate Management -
    Duration: 19 Nov 2011 → …

    Conference

    ConferenceInternational Conference on Construction and Real Estate Management
    Period19/11/11 → …

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