Policy uncertainty and overseas property purchases: Evidence from China

Leiju Qiu, Tianyu Li, Qing He and Daxuan Zhao

Research in International Business and Finance, 2021, vol. 58, issue C

Abstract: A political leadership transition occurs in China every five years. This shift in leadership is accompanied by tremendous uncertainty within Chinese society, particularly for the nation's wealthy people. Examining private residential property transaction data in Singapore, this paper reveals that the number of transactions by Chinese mainland buyers increases by half during political transitions that occurred between 1998 and 2013, in comparison to buyers from Malaysia, the US, and Hong Kong.

Keywords: Political transition; Foreign buyers; Property market; China (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:58:y:2021:i:c:s027553192100060x

DOI: 10.1016/j.ribaf.2021.101439

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