TOM : Why Isn’t Price Enough?
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 91-115 |
| Journal / Publication | International Real Estate Review |
| Volume | 5 |
| Issue number | 1 |
| Publication status | Published - 1 Dec 2002 |
| Externally published | Yes |
Link(s)
Abstract
In an efficient market, differences in quality should be fully reflected in differences in price. This paper examines a highly active residential property market and verifies whether housing attributes can explain time on the market (TOM) in addition to prices. In contrast to the previous literature, only the price ratio and inflation factor are found to be critical in affecting TOM. An interpretation of the results is suggested, along with some directions for future research.
Research Area(s)
- inflation factor, physical attribute, price ratio, time aggregation, TOM
Bibliographic Note
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Citation Format(s)
TOM : Why Isn’t Price Enough? / Leung, Charles Ka Yui; Leong, Youngman Chun Fai; Chan, Ida Yin Sze.
In: International Real Estate Review, Vol. 5, No. 1, 01.12.2002, p. 91-115.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
