Corpus ID: 9491855

Determinants of Residential Property Prices in Hong Kong : A Cointegration Analysis

@inproceedings{Chung2012DeterminantsOR,
  title={Determinants of Residential Property Prices in Hong Kong : A Cointegration Analysis},
  author={K. Chung},
  year={2012}
}

K. Chung

Published 2012

Based on simple investment principles and the consideration of excess liquidity, a model on Hong Kong residential property prices has been developed. By using quarterly data of Hong Kong from 1984Q1 to 2009Q4, it is found that housing rental, excess liquidity, stock price and interest rate are significant factors affecting the prices of residential housing units in Hong Kong. The former three have positive relationship whereas the latter one has negative relationship with the residential… CONTINUE READING

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