HKIOB - Hong Kong Institute of Real Estate

KEY PUBLICATIONS
Tse, R.Y.C. and J. Raftery (2001), The Effects of Money Supply on Construction Flows, Construction Management & Economics, Vol.19, No.1, pp.9-17.
Tse, R.Y.C., S. Ganesan and C.W. Ho (1999), Matching Housing Supply and Demand: An Empirical Study in Hong Kongs Market, Construction Management and Economics, Vol.17, No.5, pp.625-633.
Tse, R.Y.C. (2001), The Implementation of EMS in Construction Firms: Case Study in Hong Kong, Journal of Environmental Assessment Policy and Management, Vol.3, No.2, Imperial College Press, pp.177-194.
Tse, R.Y.C. and J.R. Webb (2000), The Relationship Between GDP and Construction Flows: An Re-examination, Journal of Construction Research, Vol.1, No.1, pp.61-68.
Tse, R.Y.C., Y.H. Chiang, E.C.M. Hui, J. Raftery and T. Chan (2000), Review of Construction Industry in Asia, Journal of Construction Research, Vol.1, No.1, pp.77-86.
Tse, R.Y.C. and Bryan MacGregor (1999), "Housing Vacancy and Rental Adjustment - evidence from Hong Kong", Urban Studies, Vol.36, No.10, pp.1769-1782.
Tse, R.Y.C. and James R. Webb (1999), Dynamic Equilibrium of the Housing Market, Urban Studies, Vol.36, No.13, pp.2361-2374.
Tse, R.Y.C. (1999), "Lag Vacancy, Effective Rents and Equilibrium Lease Term", Journal of Property Investment and Finance, Vol.17, No.1, pp.75-88. (This paper has been cited with the Highest Quality Rating by ANBAR Electronic Intelligence.)
Tse, R.Y.C. and J. Raftery (1999), Income Elasticity of Housing Consumption in Hong Kong - A Cointegration Approah, Journal of Property Research, Vol.16, No.2, pp.123-138.
Tse, R.Y.C., Y.H. Chiang and J. Raftery (1999), Office Property Returns in Shanghai, Guangzhou & Shenzhen, Journal of Real Estate Literature, Vol.7, No.2, pp.197-208.
Tse, R.Y.C. and James R. Webb (1999), Effects of Property Tax on Housing Returns, Review of Urban and Regional Development Studies, Vol.11, No. 2, pp.114-126.
Tse, R.Y.C. and James R. Webb (2000), Public versus Private Real Estate in Hong Kong, Journal of Real Estate Portfolio Management, Vol.6, No.1, pp.53-60.
Tse, R.Y.C. (1999), A Simultaneous Model of Tourism Flow, Spending and Receipts, Tourism Economics, Vol.5, No.3, pp.251-260.
Webb, J.R. and Tse, R.Y.C. (2000) "Regional Comparison of Office Prices and Rentals in China: Evidence from Shanghai, Guangzhou & Shenzhen", Journal of Real Estate Portfolio Management, Vol.6, No.2, pp.141-151.
Tse, R.Y.C. (1998) "Land Supply, House Price and Revenue from Land Sales", Urban Studies, Vol.35, No. 8, pp.1377-1392.
Tse, R.Y.C. (1998) "Do Tourist Flows Affect GDP?", Tourism Economics, Vol.4, No.3, pp.233-240.
Tse, R.Y.C. (1998) "Integrating China with Asia-Pacific Economies", Hong Kong Papers in Design and Development, Vol.1, pp.87-94.
Tse, R.Y.C. (1996) "Housing Return and the Determinants of Capitalization Rate with reference to Hong Kong", Journal of Property Research, Vol.13, No.2, pp.115-129.
Tse, R.Y.C. and S. Ganesan (1997), Causal Relationship Between Construction Flows and GDP, Construction Management and Economics, Vol.15, No.4, pp.371-376.
Tse, R.Y.C. (1996), "Relationship Between Hong Kong House Prices and Mortgage Flows Under Deposit-Rate Ceiling and Linked Exchange Rate", Journal of Property Finance, Vol.7, No.4, pp.54-63.
Tse, R.Y.C. (1997), The Application of ARIMA Model to Hong Kong Real Estate Prices, Journal of Property Finance, Vol.8, No.2, pp.152-163.
Tse, R.Y.C., S. Ganesan and So H.M. (1997) "Estimating the Effects of Transport on House Prices in Hong Kong", Journal of Property Valuation & Investment, Vol.15(1), pp.40-47.
Tse, R.Y.C. (1997), Optimal Loan Size and Mortgage Rationing, Journal of Property Finance, Vol.8, No.3, pp.195-206.
Tse, R.Y.C. (1997) "Construction Activity and the Adjustment of Housing Stocks", Journal of Real Estate and Construction, Vol.7, No.1, pp.9-18.
Tse, R.Y.C. (1996) "An Analysis of the Effects of Property Tax", Journal of Property Tax Assessment & Administration, Vol.2, No.2, pp.41-49.
Tse, R.Y.C. (1995) "City Growth and Land Policy, with special reference to Hong Kong", Australian Land Economics Review, Vol.1, No.2, pp.34-39.
Tse, R.Y.C. (1996) "Mortgage Default Risk and Lending Policy, A Study of the Mortgage Lending in Hong Kong", Australian Land Economics Review, Vol.2, No.2, pp.12-17.
Tse, R.Y.C., S. Ganesan and Lee Y.C. (1997) "The Impact of A Railway on House Prices in Hong Kong", Australian Land Economics Review, Vol.3, No.1, pp.33-35.
Tse, R.Y.C. (1998) "Are Real-Estate Prices Too Volatile in Hong Kong", Journal of Real Estate and Construction, Vol.8, No.1, pp.17-24.
Tse, R.Y.C., S. Ganesan and H.M. So (1998) "Property Cycles in Hong Kong: causes and impacts", Journal of Financial Management of Property and Construction, Vol.3, No.2, pp.5-25.
Tse, R.Y.C. and J. Raftery (1999) "Urban Economics and Housing Reform in Asian Countries", Review of Urban and Regional Development Studies, Vol.11, No. 2, pp.78-81.
Tse, R.Y.C. and E.C.M. Hui (2001), Urban Land Reform in China: A Case Study of Shanghai, TRIALOG 68 - Urban Heritage and Cultural Tourism, January, 25-29.
Tse, R.Y.C. and Peter Love (2000), Measuring Residential Property Values in Hong Kong, Property Management, Vol.18, No.5, pp.366-374.
Tse, R.Y.C. (2001), Impact of Property Prices on Stock Prices in Hong Kong, Review of Pacific Basin Financial Markets and Policies, World Scientific Publication, Vol. 4, No.1, pp.29-43.
Tse, R.Y.C. (2000), A Study of Housing and Real Estate Market in Macau, Journal of Financial Management of Property and Construction, Vol.5, No.1&2, pp.33-40.
Francis K.W. Wong, Steve C.M. Chan, R.Y.C. Tse and Peter E.D. Love (2000), Improving Safety Knowledge Through Training - The Case of Hong Kong, Journal of Construction Research, Vol.1, No.2, pp.169-174.
Tse, R.Y.C. (2001), Chinas Real Estate Market and the Asian Financial Crisis, Emerging Markets Quarterly, A Publication of Institutional Investor, USA, Vol.4, No.4, pp.51-59.
Love, P.E.D., Z. Irani, H. Li, E.W.L. Cheng and R.Y.C. Tse (2001), An Empirical Analysis of the Barriers to Implementing E-commerce in Small-medium Sized Construction Contractors in the State of Victoria, Australia, Journal of Construction Innovation, Vol.1 No.1, pp.31-41.
Love, P.E.D., Z. Irani, H. Li, R.Y.C. Tse and E.W.L. Cheng (2000), An Empirical Analysis of IT/IS Evaluation in Construction, International Journal of Construction Information Technology, Vol.8, No.2, pp.21-38.
Tse, R.Y.C. (2001), Estimating the Impact of Economic Factors on Tourism: Evidence from Hong Kong, Tourism Economics, Vol.7, No.3, pp.223-239.
Tse, R.Y.C., E.C.M. Hui and C.H.K. Chan (2001), On the Competitive Land Market: Evidence from Hong Kong, Review of Urban and Regional Development Studies, Vol.13, 46-61.
Tse, R.Y.C. and E.C.M. Hui (2001), Ranking of Construction Publication in Hong Kongs Universities, Journal of Construction Research, Vol.2, No.1.
Tse, R.Y.C. and Peter Love (2001), Quasi-Rational Behavior in the Property and Construction Market from an Economic Perspective, Journal of Construction Research, Vol.2, No.2, pp.1-6.
Love, P.E.D., R.Y.C. Tse, G. Holt (2002), Transaction Costs Analysis and Co-operative Strategic Learning Alliances in Construction, Journal of Construction Research, Vol.3 No.2, pp.193-207.
Tse, R.Y.C. and J.R. Webb (2002), The Effectiveness of a web strategy for real estate brokerage, Journal of Real Estate Literature, Vol.10, No.1, pp.121-130.
Tse, R.Y.C. and James R. Webb (2001), Public versus Private Real Estate in Hong Kong - Using Adaptive Expectation Model, Journal of Real Estate Portfolio Management, Vol. 8, No.2, pp.143-149.
Tse, R.Y.C. and Peter Love (2001), "Property Rights Implications of Public-private Joint Ventures: A Comment", Construction Management & Economics, 19, 109-114.
Tse, R.Y.C. (2001), Impact of CDAs zoning on real estate development , Land Use Policy, 18(4), 321-328.
Tse, R.Y.C., J. Raftery, B. Tang, E.C.M. Hui and Y.H. Chiang (2001), Public policy in infrastructure investment in Hong Kong, Australian Journal of Construction Economics and Building, Vol.1(1), pp.66-79.
Tse, R.Y.C. and Dominique Fischer (2001), Patterns of sub-market lead and lag in Hong Kong housing prices, Pacific Rim Property Research Journal, Vol.7, No.3, 207-217.
Tse, R.Y.C. (2002), Risk Assessment of Construction Joint Ventures in China - A Comment, ASCE Journal of Construction Engineering and Management, April.
Tse, R.Y.C. and Dominique Fischer (2003), Estimating natural vacancy rates in office markets using a time-varying model, Journal of Real Estate Literature, Vol.11, No.1, pp.37-45.
Hendershott, P.H., B.D. MacGregor and R.Y.C. Tse (2002), Estimation of the Rental Adjustment Process, Real Estate Economics, Vol.30, no.2, pp.165-183.
Tse, R.Y.C. (2002), Problems of Valuing Real Estate in China, The Appraisal Journal, Vol. 70, No.1, pp.21-27.
Tse, R.Y.C. (2002), "Estimating neighborhood effects in house prices: Towards a new approach of hedonic model", Urban Studies, Vol.39, no.7, pp.1165-1180.
Tse, R.Y.C. and J.R. Webb (2003), Models of Office Market Dynamics, Urban Studies, Vol.40, no.1, pp.71-89.
Tse, R.Y.C. and P. Love (2003), An Economic Analysis of The Effects of Delays On Project Costs, Journal of Construction Research, Vol.4, No.2, pp.155-160.
Chan, Edwin and Tse, R.Y.C. (2003), Cultural Considerations In International Construction Contracts, ASCE Journal of Construction Engineering and Management, Vol.129 (4), pp.375-381.
Tse, R.Y.C. (2002), Price-Earnings Ratio, Dividend Yields And Real Estate Stock Prices, Journal of Real Estate Portfolio Management, Vol.8, no.2, pp.141-152.
Tse, R.Y.C. and J.R. Webb (2004), Hong Kong Housing and the Asian Financial Crisis, Journal of Real Estate Literature, Vol.12, No.1, pp.21-32.
Hui, C.M. and Tse, R.Y.C. (2004), Assessment of office market in Hong Kong decentralized district versus CBD: boom and gloom, Property Management, Vol.22, No.2, pp. 93-107.
Tse, R.Y.C. and L. Choy (2005), Is IT Training in Construction Industry Useful?, Journal of Construction Research, Vol.6, No.1, pp.1-13.
Love, P.E.D. R. Y. C. Tse, and D.J. Edwards (2005), Time–Cost Relationships in Australian Building Construction Projects, ASCE Journal of Construction Engineering and Management, Volume 131, Issue 2, pp. 149-270.
Hui, E and R. Tse (2005), Housing Consumption of Assisted Home Owning, International Journal of Construction Management, Vol. 5, No. 2, pp. 15-33.
Tse, R.Y.C. and J.R. Webb (2006), An Economic Analysis of Housing Construction, Evidence from HK, Journal of Construction Research, Vol.7, No.1 & 2, pp.1-12.
Tse, R.Y.C. et al. (2007), The impact of housing and financial wealth on household consumption: evidence from Hong Kong, Journal of Real Estate Literature, Vol.15 No.3, pp.429-440.
Tse, R.Y.C. and J.R. Webb (2008), Housing Markets in China: An Empirical Evaluation of Present-Value Model, Journal of Chinese Economic and Business Studies, Vol.6 No.1, pp.67-75.
Tse, R.Y.C. (2008), Stock of dwellings, house prices and interest rates: an econometric model for the UK, International Journal of Property Sciences, http://umepublication.um.edu.my/

SCHOLARLY BOOK CHAPTER
Tse, R.Y.C. (2011), Essays in Honor of James R. Webb, Research Issues in Real Estate, ARES, USA, pp.180-181.
Tse, R.Y.C. (2000), China: A Real Estate Boom in Protected Transition Economy in Asias Financial Crisis and the Role of Real Estate edited by Koichi Mera and Bertrand Renaud, M.E. Sharpe, New York, pp. 159-182.
Tse, R.Y.C. (1999), Chapter 7: Real Estate and The Housing Market in Macao 2000 edited by J.A. Berlie, Oxford University Press, New York, pp.145-161.
Tse, R.Y.C., (L.H. Li) and S. Ganesan (1999), Chapter 3: Real Estate Market in Shanghai in Cities in the Pacific Rim: Planning Systems and Property Markets edited by James Berry and Stanley McGreal, E & F SPON, UK, pp.45-66.
Tse, R.Y.C. and S. Ganesan (1999), Chapter 4: Real Estate Market in Hong Kong, in Cities in the Pacific Rim: Planning Systems and Property Markets edited by James Berry and Stanley McGreal, E & F SPON, UK, pp.67-88.
Love, P.E.D., Holt, Proverbs, D.G., R.Y.C. Tse, Li., H. and Z. Irani (2001), Using Alliances to Reduce Transaction Costs in Construction, in Perspectives on Innovation in Architecture, Engineering and Construction edited by C.J. Anumba, C. Egbu & A. Thorpe, CICE, Loughborough University, UK, pp.739-749.
Tse, R.Y.C. (1996), "Recent Trends of Hong Kongs Economy", Hong Kong in Focus 1996 (In Chinese), The Commercial Press: Hong Kong.
Tse, R.Y.C. and Eden S.H. Yu (1993), Problem and Prospect of China in Joining GATT, Conference Proceedings, Economic Prospects of Taiwan, Hong Kong and the North-East of China, New Asia Cultural Foundation Ltd., August 1993.
Tse, R.Y.C. (1997), Ch. 5: "Real Estate Agency in Hong Kong" (pp. 219-224) in Year Book of Shenzhen & Hong Kong Real Estate 97, 1997, Peoples of China Press (China, Beijing).

PUBLISHED PAPERS IN PROFESSIONAL JOURNAL
Tse, R.Y.C., Estimating Discount Rate for Different Property Types, Journal of the Hong Kong Institute of Surveyors, 13, pp.16-20.
Tse, R.Y.C., K.F. Man and L.S.M. Chang, The Attributes of a Successful Estate Agent, Journal of the Hong Kong Institute of Surveyors, 12, pp.70-76.
Tse, R.Y.C. (2001), Application of information technology to real estate brokerage, Journal of the Hong Kong Institute of Surveyors, 12(2), pp.4-10.
Tse, R.Y.C. (1998), "Real Estate and Housing Market in Macau", Building Journal, Oxford: Butterworth Heineman, August, pp.54-60.
Hui, E.C.M., Tse, R.Y.C. and Ho, V. (2000), The Land Auction Market: Market Share and Profitability, Journal of the Hong Kong Institute of Surveyors, Sept, pp.14-20.
Tse, R.Y.C. (1994) "Hong Kong - Strives for Tech-based Economy", Research - Technology Management (USA), Vol.37, No.6.
Tse, R.Y.C. (1998), "Long-term Strategic Development in Hong Kong", Productivity Management Letter, Vol.1, No.1.
Tse, R.Y.C. (1998), "High-Tech Industry in Taiwan - Electronics", Productivity Management Letter, Vol.1, No.2.
Tse, R.Y.C. (1998) "Real Estate and Housing Market in Macau", Construction and Real Estate Review, Hong Kong Polytechnic University, Vol.2, No.2, pp.1-7.
Tse, R.Y.C., Y.H. Chiang and J. Raftery (1999), "Office Investment in Shanghai, Guangzhou and Shenzhen", Construction and Real Estate Review, Hong Kong Polytechnic University, Vol.3, No.3, pp.1-7.
Tse, R.Y.C. (1999), Impact of Technology on Real Estate Development (In Chinese), Project Management Study, Vol.38, No.4, pp.38-39.
Tse, R.Y.C. (2001), Real Estate and Urban Development of the Pearl River Delta in China (In Chinese), Economic Outlook, Chinese Institute of Economic Research, Vol.75, pp.57-61.
Tse, R.Y.C., "Essential legal reforms will take time", South China Morning Post, October 5, 1995. This article discusses the corruption problems in china.

SCHOLARLY BOOKS/MONOGRAPHS
Tse, R.Y.C. (2002), Impact of WTO on Chinas Property Market, Edited by S.Y. Wang, in Chinas Real Estate Market after Joining WTO, China Construction Industry
Hendershott, P.H., B.D. MacGregor and Tse, R.Y.C. (2000), Estimating the Rental Adjustment Process, NBER Working Paper 7912, September 2000, National Bureau of Economic Research, Cambridge, USA. JEL classification R0, R3.
Tse, R.Y.C., The Determinants of Hong Kong Housing Market, monographs No. 59 March 1993, Centre of Urban Planning and Environmental Management, The University of Hong Kong.
Tse, R.Y.C., Hong Kong Housing Market (In Chinese) (Book), The Commercial Press: HK. (1992), 285 pp. This book became a classic and mandatory reading for students of real estate economics.
Tse, R.Y.C. and L.L.C. Chau (editors), Economics: A New Perspective(In Chinese) (Book), The Commercial Press: Hong Kong (1993), 575 pp. This book included economic articles of 15 eminent economists, and is an excellent reference for undergraduate students in economics.
Tse, R.Y.C., Economics and Finance Explained(In Chinese) (Book), EIA Publishing Ltd.: Hong Kong (1995), 200 pp. This book consists of three parts: finance, real estate and economic analysis. It covers a wide range of theoretical and policy studies in economics.
Tse, R.Y.C., Real Estate Economics: Theory and Policy with reference to Hong Kong, Singapore and Taiwan (Book), Economic Information Agency Publishing Ltd. (1994), 256 pp. This book provides a detailed analysis on housing markets, and is excellent for real-estate researchers and policy-makers. JEL Classification: 95-1395.
Tse, R.Y.C. (Chief Editor), Estate Agency Practice(Book), Chief Editor, Hong Kong Commercial Press, (1999), 460pp. This book covers the training syllabus by the Estate Agents Authority.
Tse, R.Y.C. (Editor-in-Chief), Professional Practice of Property Management (Book), Hong Kong Commercial Press, (2000), 272 pp.
Tse, R.Y.C. (Editor-in-Chief), China Property, MingPao Publishing Ltd., (2002), 200pp.
Tse, R.Y.C. (Editor-in-Chief), Property Security Management, Hong Kong Institute of Real Estate, (2003), 84pp.
Tse, R.Y.C., Investment in HK Real Estate, MingPao Publishing Ltd., (2003, December), 320pp.
Tse, R.Y.C., China is in WTO: Challenge and Opportunities, Joint Publishing Co. Ltd., (2005, March).

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