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Title: Asymmetric information in the Hong Kong forward property market
Authors: Leung, BYP 
Hui, ECM 
Seabrooke, B
Keywords: Asymmetric information
Forward property market
Presale properties
Issue Date: 2007
Publisher: Taylor & Francis co-Published with Vilnius Gediminas Technical University
Source: International journal of strategic property management, 2007, v. 11, no. 2, p. 91-106 How to cite?
Journal: International journal of strategic property management 
Abstract: Use of forward contracts for pre-selling uncompleted properties is becoming popular in many countries. However, there have been limited researches investigating the risks arising from asymmetric information specific to buying a presale property and the critical factors required for the development of an effective forward property market. Hong Kong is one of the largest forward property markets in the world and it has been getting mature after half-a-century long development. This paper therefore aims to study the asymmetric information problem found in the forward property markets in different areas and explores the set of factors that are critical to the development of a forward property market by referencing the development of the Hong Kong forward property market.
ISSN: 1648-715X
EISSN: 1648-9179
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