Wong, Kelvin S.K. 黃紹基
BSc(Surv); PhD HK
ContactWWWHKU Scholars HubResearch
Kelvin Wong is Professor and Head of the Department of Real Estate & Construction. He was the Director of the MSc(Real Estate) program from 2017 to 2020 and Associate Dean (Teaching & Learning) for the Faculty of Architecture from 2014 to 2016.
He was awarded Senior Fulbright Scholar by the U.S. government and Post-doctoral Honoree by the Weimer School of Advanced Studies in Real Estate and Land Economics (Homer Hoyt Institute). He was a Doris-Zimmern Hughes Hall fellow at the University of Cambridge, a visiting research professor at the University of Connecticut, and a research fellow at the University of Melbourne.
Research interests:
Kelvin’s primary research area is real estate economics.? His works focus on unveiling and evaluating the underlying economic logic behind the functioning of the real estate market, including land, property, redevelopment, public housing, and real estate firms.
Grants:
Market power in the first-hand property market
Adverse selection in the second-hand property market
Residential mobility of the subsidized housing market
Transaction taxes and real estate price dynamics
Land tenure and property valuation
Selected publications:
Policy responses to an overheated housing market: credit tightening versus transaction taxes
The land governance cost on co-ownership: A study of the cross-lease
School catchment zone mergers and housing wealth redistribution
Revisiting the autocorrelation of real estate returns
The misallocation problem of subsidized housing: a lesson from Hong Kong
Housing wealth effects for private and subsidized homeowners
How do developers price new housing in a highly oligopolistic city?
Housing price dispersion in the presale market
Liquidity and information asymmetry in the real estate market
Do the forward sales of real estate stabilize spot prices?
Empirical estimation of the option premium for residential redevelopment
Short sales and price discovery in the Hong Kong real estate market
Institutions and capital structure: the case of Chinese property firms
IPO location as a quality signal: the case of Chinese developers
Information asymmetry and the rent-vacancy rate dynamics in the office market
Renewing a lease at a discount or premium?
Externalities of urban renewal: a real option perspective
Volatility transmission in the real estate spot and forward markets
Property price gradients: the vertical dimension
Housing wealth effects for private and subsidized homeowners
Trading Volume-Induced Spatial Autocorrelation in Real Estate Prices
Separating the age effect from a repeat sales index: land and structure decomposition
Intergenerational discounting: a case from Hong Kong
More information about Kelvin can be found on his homepage.
Office Hour
Office hours may be subject to change at short notice. Students are advised to make appointments for, inter alia, academic advising, dissertation and other learning related meetings with individual teacher during their office hours in advance.
Some courses may have specific consultation hour arrangement. Please refer to the respective course planner or announcement at Moodle for details.
Office: KB503
Office Hour: Wed, 4:00pm – 5:00pm
Email: kelvin.wong@hku.hk
Research
Granger Causality Analysis of Land Supply and Housing Market Performance: Implications for Long Term Urban Land Policy in Hong KongKelvin Wong & L.H. Li
Ronald Coase Centre for Property Rights Research
The Impact of Public-sector-led Urban Renewal Projects on nearby Housing Prices in Densely Populated AreasKelvin Wong & K W Chau
Ronald Coase Centre for Property Rights Research
Urban Network Capital: How do Chinese Cities Grow in a Networked Economy?Alex Shi & Kelvin Wong
