Research

International Refereed Journal Articles (selected)

 

 

 

·         Ooi, J. T. L., Ong, S. E., and Li, L., “An Analysis of the Financing Decisions of REITs: The Role of Market Timing and Target Leverage” Journal of Real Estate Finance & Economics, forthcoming SSRN Top Ten Download List for UERS: Urban Markets (topics) May & July 2008; 2008 American Real Estate Society Manuscript Prize Award Winner for “Real Estate Finance” sponsored by Real Capital Analytics

·         Ibrahim, M. F.. Parsa, A. G. and Ong, S. E. “Shariah Property Investment in AsiaJournal of Real Estate Literature, forthcoming

·         Ibrahim, M. F.. and Ong, S. E. “Shariah Compliance in Real Estate Investment” Journal of Real Estate Portfolio Management, forthcoming

·         Tu, Y., Ong, S. E. and Han, Y, “Turnovers for Winners and Losers in Housing Market: Evidence from Singapore condominium market” Journal of Real Estate Finance & Economics, forthcoming

·         Gwin, C. and Ong, S. E., (2008) “Do we really understand homeownership rates? An International Study” International Journal of Housing Markets and Analysis, 1(1), 52 – 67.

·         Ong, S. E., Neo, P. H. and Tu, Y., (2008) “Foreclosure Sales: The Effects of Price Expectations, Volatility, and Equity Losses,” Journal of Real Estate Finance & Economics, 36(3), 265 - 287. SSRN Top Ten Download List Jan 2007

·         Neo, P. H., Ong, S. E., and Sing, T. F., (2008) “Buyer Exuberance and Price Premium” Urban Studies, 45(2), 331 – 345.

·         Quek, C. H. M. and Ong, S. E. (2008) “Securitizing China Real Estate: A Tale of two China-centric REITs” Journal of Property Investment and Finance, 26(3), 1463 – 1578.

·         Ong, S. E., Sing, T. F., and Teo, A., (2007) “Delinquency and Default in ARMs: The Effects of Loss Aversion and Protected Equity” Journal of Real Estate Finance & Economics, 35(3), 253 – 280. SSRN Top Ten Download List May 2007

·         DeVos, E., Ong, S. E., and Spieler, A.  (2007) “Analyst Activity and Firm Value: Evidence from the REIT sector” Journal of Real Estate Finance & Economics, 35(3), 333 - 356.

·         Banjeree, Gelfand, Sirmans, Tu and Ong (2007) “Understanding the Singapore condominium market: Multi-level modeling using spatial processes” Computational Statistics and Data Analysis special issue on Computational techniques for applied econometric analysis of financial processes, 51(7), 3567-3579.

·         Lai, R.N., Ong, S. E. and Sing, T. F., (2006) "Values of mortgages with top-up payment options," International Journal of Theoretical and Applied Finance, 9 (5), 801-824.

·         Li, Q., Sun, H., and Ong, S. E., (2006) "REIT Splits and Dividend Changes: Tests of Signaling and Information Substitutability," Journal of Real Estate Finance & Economics, 33 (2), 127 - 150.

·         Ong, S. E., Koh, H. C. and Fan, G. Z, (2006) “Determinant of House Price: A Decision Tree Approach” Urban Studies, 43 (12), 2301 - 2315.

·         Ho, K. H. D., Ong, S. E. and Sing, T. F., (2006) “Real Estate Strategy under a workable Analytic-Hierarchy-Process (AHP),” Journal of Property Investment & Finance, 24(4), 324 – 342.

·         Ong, S. E., Neo, P. H. and Spieler, A., (2006) "Price Premium and Foreclosure Risk," Real Estate Economics, 34(2), 211 – 242.

·         Fan, G., Ong, S. E. and Sing, T. F., (2006) "Moral Hazard, Effort Sensitivity and Compensation in Asset-Backed Securitization" Journal of Real Estate Finance & Economics, 32(3), 229 – 251.

·         Ong, S. E. (2006) "Price Discovery in Real Estate Auctions: The Story of Unsuccessful Attempts," Journal of Real Estate Research, 28 (1), 39 – 59. 2004 American Real Estate Society Manuscript Prize Award Winner for Innovative Thinking: Thinking Out of the Box  (any topic), sponsored by Homer Hoyt Advanced Studies Institute

·         Gwin, C., Ong, S. E. and Spieler, A., (2006) “Real Estate Appraisal and Bid Price: An Empirical Evaluation of Alternative Theories,” Journal of Housing Research, 15(1), 29 – 39. 2005 American Real Estate Society Manuscript Prize Award Winner for “Real Estate Valuation” sponsored by the Appraisal Institute

·         Lee, N. J. and Ong, S. E. (2005) "Upward Mobility, House Price Volatility and Prepayment Risk" Journal of Housing Economics, 14, 127 - 146.

·         Gwin, C., Ong, S. E. and Spieler, A., (2005) "Auctions and Land Values: An Experimental Analysis" Urban Studies, 42(12), 1 - 15.

·         Sing, T. F., Ong, S. E., Fan, G. Z., and Lim, K.G., (2005) "Pricing Credit Risk of ABS Bonds in Singapore," International Journal of Theoretical and Applied Finance, 8(3), 321 - 338.

·         Ong, S. E., Lusht, K., and Mak, C. Y., (2005) "Factors Influencing Auction Outcomes: Bidder Turnout, Auction Houses and Market Conditions," Journal of Real Estate Research, 27 (2), 177 - 191.

·         Ong, S. E., Sing, T. F., and Malone, L. C., (2004) "Strategic Considerations in Land Use Planning: The Case of White Sites in Singapore," Journal of Property Research, 21(3), 235 - 253.

·         Lum, S. K., Koh, T. and Ong, S. E., (2004) "Upgrading Programme in Public Housing: An Assessment of Price and Liquidity Enhancements," Journal of Property Research, 21(2), 143 - 159.

·         Sing, T. F., Ong, S. E., Fan, G. Z., and Sirmans, C. F., (2004) “Analysis of Credit Risks in Asset-backed Securitization Transactions in Singapore” Journal of Real Estate Finance & Economics, 28(2/3), 233 - 251.

·         Neo, P. H., and Ong, S. E., (2004) “Risk Sharing and Number of Co-Borrowers in Mortgage Loan Agreements,” Review of Pacific Basin Financial Markets and Policies, 7(2), 233 - 259.

·         Sing, T. F. and Ong, S.E., (2004) “Residential Mortgage Backed Securitization in Asia: The Singapore Experience,” Journal of Real Estate Literature, 12(2), 159 - 179.

·         Lee, N. J. and Ong, S. E., (2003) “Prepayment Risk of Public Housing Mortgages,” Journal of Real Estate Portfolio Management, 9(3), 251 - 264..

·         Sing, T. F., Ong, S. E. and Sirmans, C. F., (2003) “Valuing Asset Backed Securities,” Journal of Real Estate Finance & Economics, 27(2), 173 - 189.

·         Neo P. H., Lee N. J. and Ong S. E., (2003) “Government Policies and Household Mobility Behavior,” Urban Studies, 40(13), 2643 - 2660.

·         Ong, S. E., Ho, K. H. D., and Lim, C. H., (2003) “A Constant-Quality Price Index for Resale Public Housing Flats in Singapore,” Urban Studies, 40(13), 2705 - 2729.

·         Ibrahim, MF., Ong, S. E. and Loh, A., (2002) “The Impact of News concerning Development Project Launches and their Take-up Rates on the Stock Prices of Publicly Listed Property Development Companies,” Briefings in Real Estate Finance, 2(3), 243 - 254.

·         Gwin, C., Ong, S. E. and Gwin, C., (2002) “Seller versus Broker: Timing of Promotion,” Journal of Real Estate Research, 24 (1), 27 – 45.

·         Ong, S. E., Yu, S. M., Lim, L. Y. and Khor, A., (2002) “A Panel Cointegration Test of the Capitalization Rate for Offices: Evidence from Singapore,” Journal of Property Research, 9(1), 1 - 12.

·         Ong, S. E. and Sing, T. F., (2002) “Price Discovery between Private and Public Housing Markets,” Urban Studies, 39(1), 57 - 67.       

·         Gwin, C. and Ong, S. E., (2001) “Overcoming Adverse Selection in Buying an Existing Home,” Journal of Property Investment and Finance, 19(3), 283 – 295.

·         Brown, G. and Ong, S. E., (2001) “Estimating Serial Cross Correlation in Property Returns,” Managerial and Decision Economics, 22(7), 381 – 387.

·         Ong, S. E., (2000) “Prepayment Risk and Holding Period for Residential Mortgages in Singapore: Evidence from Condominium Transaction Data,” Journal of Property Investment and Finance, 18(6) 586 - 601.

·         Ong, S. E., (2000) “Temporal and Distribution Biases in Real Estate Transaction-based Price Indices,” Journal of Property Research, 17(4) 293 - 310.

·         Ong, S. E. and Koh, Y. C., (2000) “Time–on–Market and Price Trade–Offs in High Rise Housing Sub–Markets,” Urban Studies, 37 (11) 2057 – 2071.

·         Gwin, C., and Ong, S. E., (2000) “Homeowner Warranties and Building Codes,” Journal of Property Investment and Finance, 18(4) 456 – 472.

·         Sing, T. F. and Ong, S. E., (2000) “Asset Allocation in a Downside Risk Framework,” Journal of Real Estate Portfolio Management, 6(3) 213 - 223.

·         Ong, S. E., Ooi, J., and Sing, T. F., (2000) “Asset Securitization in Singapore: A Tale of Three Vehicles,” Real Estate Finance, 17(2) 47 – 56.

·         Ong, S. E. and Lim, S., (2000) “Risk Mitigation with Buy–Back Guarantees and Guaranteed Appreciation Plans,” Journal of Property Investment and Finance, 18(2) 239 – 253.

·         Ong, S. E. and Yong, Y. Y., (2000) “Real Estate Exposure and Asset Intensity,” Journal of Real Estate Portfolio Management, 6(1) 27 – 35.

·         Ong, S. E. and Ranasinghe, M., (2000) “Portfolio Variance and Correlation Matrices,” Journal of Real Estate Portfolio Management, 6(1) 1 – 6.

·         Ong, S. E., (1999) “Aborted Property Transactions: Seller Under–compensation in the Absence of Legal Recourse,” Journal of Property Investment and Finance, 17(2) 126 – 144.

·         Ong, S. E. and Maxam, C., (1997) “A Heterogenous Panel Cointegration: Error Correction Approach to Modeling Commercial Mortgage Backed Security Prices,” Journal of Property Finance, 8(4) 317–335.

·         Ong, S. E., (1997) “Real Estate Investment in Developing Countries: Reputation, Managerialism and Monitoring,” Journal of Property Valuation and Investment, 15(2) 131 – 159.

·         Ong, S. E., (1997) “Building Defects, Defect Warranty and Disincentive Effects of Precompletion Marketing,” Journal of Property Finance, 8(1) 35 – 50.

·         Ong, S. E., (1995) “Singapore Real Estate and Property Stocks: A Cointegration Test,” Journal of Property Research, 12, 29 – 39.

·         Ong, S. E., (1994) “Structural and Vector Autoregressive Approaches to Modeling Real Estate and Property Stock Prices in Singapore,” Journal of Property Finance, 5(4) 4 – 18.

 

International Conference papers (since 2003)

 

 

 

·            Fan, G.Z., Pu, M. and Ong, S. E., “Indifference Pricing of Forward Transactions in the Real Estate Market,” AsRES-AREUEA conference, LA, July 2009; APRU symposium, LA, July 2009

·            Ong, S. E., and Tay, H. P., “Contagion Effects of Subprime Crisis: A Singapore Perspective” ERES conference, Stockholm, Jun 2009

·            Ooi, T.L.J., Wong, W. C. and Ong, S. E. “Can Bank Lines of Credit Protect REITs against a Credit Crisis?” ARES conference, Monterey, April 2009; ARES Manuscript Prize Award Winner of the Real Estate Finance category sponsored by Real Capital AnalyticS

·            Ong, S. E., Ooi, T. L. J. and Zhu, Y., “Equity Fund Offerings: Evidence by Japan and Singapore REITs” AREUEA conference, San Francisco, Jan 2009.

·            Fan, G.Z., Pu, M. and Ong, S. E., “Valuing Real Estate Leasing Contracts in Incomplete Markets,” Maastricht-MIT-Singapore symposium, Maastricht, Dec 2008.

·            Ong, S. E., Ooi, T. L. J. and Zhu, Y., “Secondary Equity Issuance by Asian REITs” ARES conference, Captiva Island, April 2008

·            Ong, S. E. and Ng, K. H., “Developing the Real Estate Derivative Market for Singapore: Issues and Challenges,” ARES conference, Captiva Island, April 2008

·            Zhu, Y., Ong, S. E. and Yeo,  W. Y., “Earnings Management in US Equity REITs,” ARES conference, Captiva Island, April 2008

·            Neo, P. H., Ong, S. E. and Sommerville, T., “Loss Aversion and Repeated Market Environment,” AREUEA conference, New Orleans, Jan 2008.

·            Ibrahim, M. F. and Ong, S. E. “The Cost of Shariah compliance on Real Estate Investment” ARES conference, San Francisco, April 2007.

·            Ooi, T. L. J., Ong, S. E., and Neo, P. H., “The Wealth Effect of Yield-Accretive Acquisitions by Asian REITs,” ARES conference, San Francisco, April 2007.

·            Quek, C. H. M., Neo, P. H. and Ong, S. E., “Securitizing Real Estate: The China Experience” ARES conference, San Francisco, April 2007.

·            Spieler, A., Petrova, M., and Ong, S. E., “Demand for University Student Housing: An Empirical Analysis,” ARES conference, San Francisco, April 2007.

·            Dai, J., Ong, S. E., and Spieler, A., “REIT Cash Flow Volatility and Excess Dividends,” AREUEA conference, Chicago, Jan 2007

·            Ong, S. E., Sing, T. F., and Teo, A., “Delinquency and Default in ARMs: The Effects of Loss Aversion and Protected Equity” HKU-NUS Symposium for Real Estate Research, Hong Kong, July 2006.

·            DeVos, E., Ong, S. E., and Spieler, A. “Analyst Activity and Firm Value: Evidence from the REIT sector” AsRES-AREUEA conference, Vancouver, July 2006; HKU-NUS Symposium for Real Estate Research, Hong Kong, July 2006.

·            Neo, P. H., Ong, S. E., and Somerville, T., “Winner’s Curse: Evidence from Real Estate Auctions,” AsRES-AREUEA conference, Vancouver, July 2006

·            Li, Y., Ong, S. E. and Lum, S. K. “The Performance of Real Estate Mutual Funds under Changing Economic Conditions” AsRES-AREUEA conference, Vancouver, July 2006

·            Li, Y. and Ong, S.E. “Market Timing Behavior of REITs Secondary Equity Offerings” Pacific Rim Real Estate Society conference, Auckland, Jan 2006

·            Teo, A. and Ong, S. E., “Mortgage Reinstatement Possibilities: When Should Lenders be concerned and when they should not” Pacific Rim Real Estate Society conference, Auckland, Jan 2006

·            Ong, S. E., Sing, T. F., and Teo, A., “Delinquency and Default in ARMs: The Effects of Loss Aversion and Protected Equity” AREUEA conference, Boston, Jan 2006

·            Neo, P. H., Ong, S. E., and Somerville, T., “Who's Loss Averse? And What's the Reference Point?” AREUEA conference, Boston, Jan 2006

·            Fu, Y. M. and Ong, S. E., “Industrial Land Rent and Production Technology” Asian Real Estate Society conference, Sydney, July 2005.

·            Tu, Y., Han. Y. H., and Ong, S. E., “Housing Price Dynamics and Turnovers: Evidence from Singapore Condomium Market” Asian Real Estate Society conference, Sydney, July 2005.

·             Huang, Y. Y., Sing, T. F. and Ong, S. E., "Multi-Projects Interactive Effects and Investment Strategy," 12th European Real Estate Society conference, Dublin, June 2005; Cambridge-Maastricht symposium, June 2005.

·             Ong, S. E., "Mortgage Markets in Asia," invited paper, 12th European Real Estate Society conference, Dublin, June 2005.

·             Dai, J., Ong, S. E., and Spieler, A., "Cash Flow Volatility and Dividend Policy for U. S. REITs," 12th European Real Estate Society conference, Dublin, June 2005.

·             Neo, P. H., Ong, S. E., and Somerville, T., "Who's Loss Averse? And What's the Reference Point?" 12th European Real Estate Society conference, Dublin, June 2005; Asian Real Estate Society conference, Sydney, July 2005.

·             Ho, K.H.D, Ong, S.E. and Sing, T. F., "Asset Allocation - International Real Estate Investment Strategy under a workable Analytic-Hierarchy Process," 13th American Real Estate Society conference, Santa Fe, April 2005.

·             Spieler, A., Ong, S. E. and Gwin, C., "The Role of Bid Prices in Real Estate Appraisals," 13th American Real Estate Society conference, Santa Fe, April 2005.

·             Teo, A. and Ong, S. E., "Conditional Default Risk in Housing ARMs: Bivariate Probit Approach," 13th American Real Estate Society conference, Santa Fe, April 2005.

·             Ong, S. E., Neo, P. H. and Tu, Y. "House Price Volatility, Expectations and Equity Losses in Foreclosure and Sale Transactions," AREUEA conference, Philadephia, January 2005.

·             Gwin, C., Ong, S. E. and Spieler, A., "Auctions and Land Values: An Experimental Analysis" Western Economic Association International 79th Annual Conference, Vancouver June/July 2004.

·             Tu, Y., Han, Y. H., and Ong, S. E., "Price Volatility and Probability to Sell in the Urban Housing Markets," European Real Estate Society conference, Milan, June 2004.

·             Ong, S. E., Neo, P. H. and Spieler, A, "Price Premium and Foreclosure Risk," Homer Hoyt & Weimer School of Advanced Studies in Real Estate and Land Economics, Florida, May 16, 2004; UC Dublin Real Estate Research Symposium, Ireland, March 5, 2004

·             Ong, S. E. "Price Discovery in Real Estate Auctions: The Story of Unsuccessful Attempts," 12th American Real Estate Society conference, Florida, April 2004; 2004 ARES Manuscript Prize Award Winner for Innovative Thinking "Thinking Out of the Box" (any topic), sponsored by Homer Hoyt Advanced Studies Institute; University of British Columbia Centre for Urban Economics and Real Estate Summer Symposium, July 22-23, 2004.

·             Neo, P. H. and Ong, S. E. "Political Party, House Price and Liquidity," 12th  American Real Estate Society conference, Florida, April 2004

·             Li, W. F. and Ong, S. E. "The Impact of Pricing on Time-on-market in High-Rise Multiple-unit Residential Developments," 12th  American Real Estate Society conference, Florida, April 2004

·             Fan, G., Ong, S. E. and Sing, T. F., "Asset Backed Securitization: An Alternative Solution to Moral Hazard?" USC Lusk Center for Real Estate Rena Sivitanidou 4th Annual Research Symposium, Jan 7 - 8, 2004

·             Lee, N. J. and Ong, S. E. "Upward Mobility, House Price Volatility and Prepayment Risk" AREUEA conference, San Diego, January 2004;  6th Asian Real Estate Society conference, Tokyo, August 2001.

·             Gwin, C. and Ong, S. E., "Do we really understand homeownership rates? An International Study" AREUEA conference, San Diego, January 2004.

·             Fan, G., Sing, T. F., Ong, S. E. and Sirmans, C. F., "Governance Issues in Asset-Backed Securitization Transactions in Singapore," AREUEA conference, San Diego, January 2004.

·             Lai, R.N., Ong, S. E. and Sing, T. F., "Mortgage Values of Lenders and Borrowers with Top-up Payments," Cambridge-Maastricht symposium, June, 2003.

·             Sing, T. F., Ong, S. E., Fan, G. Z., and Lim, K.G., "Pricing Credit Risk of ABS Bonds in Singapore," AREUEA International Conference, Cracow, June, 2003.

·             Ong, S. E., Neo, P. H. and Spieler, A, "Overpricing as a Determinant of Foreclosure Risk," AREUEA International Conference, Cracow, June, 2003.

·             Ong, S. E., Sim, L. L. and Chin. L., "Smart Growth: Lessons from Public Housing Upgrading in Singapore," 6th Sharjah Urban Planning Symposium, Sharjah, UAE, June 1-3, 2003.

·             Ong, S. E., Lusht, L., and Mak, C. Y., "Determinants of Successful Real Estate Auction: Evidence from Singapore," AREUEA conference, Washington DC, January 2003.

·             Ong, S. E., Gwin, C., Spieler, A. and Sing, T. F., "Oligopolistic Pricing In Residential Property Development: Experimental Evidence," AREUEA conference, Washington DC, January 2003.

 

 

 

 

 

Citations (as o Aug 2008):

137 journal papers

38 books, working and conference papers

 

SSRN Indicators (as of March 2007)

Downloads: 539

Views: 4,459

Author Rank: 8,258 out of 72,381 (11.4 percentile)

 

 

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Updated as of Aug 27, 2008.

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