This book clarifies the symbiosis of law, economics and finance in Singapore and Hong Kong in the direct and indirect real estate markets. Surveys such concepts as invitation to treat and offer, and monetary compensation for environmental externalities.

The symbiosis between the law, economics and finance is evidenced in our daily lives. This book elucidates the relationship between these factors in Singapore and Hong Kong in direct and indirect real estate market. In Singapore, for example, there is an inseparable relationship between law, economics, finance and the HDB market. The book also showcases the concept of invitation to treat and offer, monetary compensation for environmental externalities under the lens of institutional economics. It also sheds light on the relationship between financial crisis, regulations, housing prices and indirect real estate market.

Offers an interdisciplinary perspective (economics, finance and law) on the real estate market in Hong Kong and Singapore Adopts triangulation as a research method, i.e., a combination of methodologies that allows multiple viewpoints to readers Gives a comprehensive study on the impact of financial crisis in real estate market Includes supplementary material: sn.pub/extras

Autorentext

Rita, Yi Man Li received her degree from the University of Hong Kong. She is currently an Associate Professor at the Department of Economics and Finance, Hong Kong Shue Yan University, and is also the director of the Sustainable Real Estate Research Center and HKSYU Real Estate and Economics Research Lab at the same institution. She has published five books and over 200 academic papers. Her research interests include real-estate economics and finance, sustainable building, and construction safety.

Inhalt
Law, economics and finance issues in Singapore's housing development board flats.- Internalization of environmental externality in dwellings: review of court cases in Hong Kong in the past two decades.- The institutional analysis of fittings in residential units.- Asymmetric information and residential entrepreneurs' choice on provision of house fittings.- Property, credit and business cycles in Hong Kong.- Should we abandon the concept of artistic craftsmanship in the Copyright Act in Australia?.- An offer, an invitation to treat and transaction costs.- The effect of the global subprime financial crisis on the macroeconomy and the housing market in the UK.- Changes from the visible hand to the invisible hand: The land market in Hong Kong before and after the Asian Financial Crisis.- An overview of regulations that protect indirect real estate investors in Hong Kong during financial crises.