IDEAS home Printed from https://ideas.repec.org/a/taf/repmxx/v6y2000i4p373-385.html
   My bibliography  Save this article

The Inflation-Hedging Characteristics of Real Estate and Financial Assets in Singapore

Author

Listed:
  • Tien-Foo National
  • Swee-Hiang Low

Abstract

Executive Summary. This study empirically tests the inflation hedging characteristics of real estate and financial assets in Singapore. The results show that real estate provides a better hedge against inflation than does stock and securitized real estate. Industrial property is the most effective hedge against both expected and unexpected inflation, whereas shop offers only significant hedge against the expected inflation. The returns of the two assets establish more than one-to-one correspondence relationships with inflation. When the inflation hedging characteristics of assets are tested in different inflation environments, residential property hedges effectively against unexpected inflation in the low inflation regime, whereas the hedging performance of industrial property against both types of inflation is better in the high inflation regime.

Suggested Citation

  • Tien-Foo National & Swee-Hiang Low, 2000. "The Inflation-Hedging Characteristics of Real Estate and Financial Assets in Singapore," Journal of Real Estate Portfolio Management, Taylor & Francis Journals, vol. 6(4), pages 373-385, January.
  • Handle: RePEc:taf:repmxx:v:6:y:2000:i:4:p:373-385
    DOI: 10.1080/10835547.2000.12089623
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2000.12089623
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/10835547.2000.12089623?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:repmxx:v:6:y:2000:i:4:p:373-385. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/repm20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.