Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/9863
Title: The impact of pricing strategies on time-on-market under various economic conditions
Authors: Hui, ECM 
Yu, KH
Keywords: Time-on-market (TOM)
Residential properties
Hong Kong
Searching cost
Economic conditions
Issue Date: 2012
Publisher: Taylor & Francis co-Published with Vilnius Gediminas Technical University
Source: International journal of strategic property management, 2012, v. 16, no. 1, p. 56-70 How to cite?
Journal: International journal of strategic property management 
Abstract: This study examines how price adjustments in a flat's marketing phase, along with various housing attributes, influence its time-on-market (TOM). A Cox survival model is used for the analysis of two separate periods, one of economic downturns (2003) and one of economic recovery (2004-2006), in Hong Kong. Factors such as price adjustments, sale price, numerous housing attributes, general property price trend, and changes in unemployment rate have significant impacts on TOM, with their respective impacts changing over time. Specifically, the effectiveness of raising list prices before transactions, in optimizing sellers' returns and TOM, depends on economic conditions as well as on the market expectations regarding future property prices. Directions on future studies are then discussed.
URI: http://hdl.handle.net/10397/9863
ISSN: 1648-715X
EISSN: 1648-9179
DOI: 10.3846/1648716X.2012.585185
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

WEB OF SCIENCETM
Citations

3
Last Week
0
Last month
1
Citations as of Dec 9, 2017

Page view(s)

44
Last Week
2
Last month
Checked on Dec 10, 2017

Google ScholarTM

Check

Altmetric



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.