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ASSOCIATE PROFESSOR SING TIEN FOO
DEPUTY HEAD (ADMINISTRATION AND FINANCE) AND DEAN'S CHAIR ASSOCIATE PROFESSOR
National University of Singapore
4 Architecture Drive, Singapore 117566

 
  Appointment: ASSOCIATE PROFESSOR
  Office: SDE1-05-17
  Email: rststf@nus.edu.sg
  Tel: (65) 6516 4553
  Fax: (65) 6774 8684
  Homepage: http://www.rst.nus.edu.sg/staff/singtienfoo/
  Curriculum Vitae (CV):
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Tien Foo is Dean’s Chair Associate Professor, Deputy Head (Admin & Finance) at the Department of Real Estate and Director at the Institute of Real Estate Studies (IRES). He serves as the Secretary of the Asian Real Estate Society (AsRES), and has been the Board members of AsRES (since 2000) and the Global Chinese Real Estate Congress (GCREC) Board (since 2008). He serves as editorial board members for Journal of Real Estate Research, International Real Estate Review, Pacific Rim Real Estate Journal and Journal of Housing Studies (Taiwan). He has also served as special issues guest editors and referees for several international refereed journals.

He currently serves as a member of the panel of assessor under the Appeal Board (Land Acquisition), Ministry of Law, Singapore (2010-2012). He is the co-founder and principal investigator for the Singapore’s NUS-REDAS real estate sentiment index. He has been invited by the Control Yuan, the Republic of China (Taiwan), as an expert witness in the review of land prices in Greater Taipei metropolitan area (August 2010).

In NUS, He teaches real estate finance modules at both undergraduate and post-graduate courses. His research interest includes real options, real estate finance and securitization, REIT, and housing price dynamics.

Tien Foo obtained a Doctor of Philosophy degree from University of Cambridge, U.K. under the Cambridge Commonwealth Trust scholarship and the Overseas Research Students award. He also holds a Master of Philosophy degree in Land Economy from University of Cambridge, UK and a Bachelor of Science degree with 1st class honors in Estate Management from National University of Singapore.


 
  • Real Estate Behavioral Economics
  • Real Estate Finance and Investment Analysis
  • Housing Markets and Policies

 

B.Sc. (Estate Management) (Hons.) (1994), National University of Singapore
M.Phil. (Dist.)(1995), (Land Economy), University of Cambridge, U.K.
PhD (1999), (Land Economy), University of Cambridge, U.K.


 

Real Estate Finance and Urban Economics Journals (35)

  1. Patel, K. and Sing, T.F. (2000), "Implied Volatility in UK Commercial Property Market: Empirical Evidence Based on Transaction Data," Journal of Real Estate Finance and Economics, Vol. 20, No.1, pp. 1-24.
  2. Ong, S.E. and Sing, T.F. (2002) “Price Discovery between Private and Public Housing Markets,” Urban Studies, Vol. 39 No. 1, pp 57-67.
  3. Sing, T.F., (2002) “Time to Build Options in Construction Process,” Construction Management and Economics, Vol. 20, No.2, pp. 119-130.
  4. Sing, T. F. (2003) “Dynamics of Private Industrial Space Demand in Singapore,” Journal of Real Estate Research, Vol. 25, No. 3, pp.301-324.
  5. Sing, T.F., Ong, S.E. and Sirmans, C.F. (2003), “Asset-Backed Securitization in Singapore: Value of Embedded Buy-Back Options,” Journal of Real Estate Finance & Economics, Vol. 27, No. 2, pp. 173-180.
  6. Sing, T.F., Ong, S.E., Fan G.Z. and Sirmans, C.F. (2004), “Cash Flow Swaps in Asset-Backed Securitization Transaction,” Special issue for Maastricht-Cambridge Symposium 2002, Journal of Real Estate Finance & Economics,Vol. 28, No. 2/3, pp. 235-254.
  7. Sing, T.F., (2004) “Common Risk Factors and Risk Premia in Direct and Securitized Real Estate Markets,” Journal of Property Research, Vol. 21, No. 3, 189-207.
  8. Ong, S.E., Sing, T.F. and Malone-Lee, L.C., (2004) “Strategy Considerations in Land Use Planning: The Case of Singaporean White Site” Journal of Property Research. Vol. 21, No 3, pp.235-253.
  9. Fan, G.Z., Ong, S.E. and Sing, T.F. (2005-accepted), “Moral Hazard, Effort Sensitivity and Compensation in Asset-Backed Securitization,” a special issue for the 2004 Hong Kong-Singapore International Real Estate Research Symposium, Journal of Real Estate Finance & Economics.
  10. Sing, T.F., Tsai, I. and Chen, M.C. (2006), “Price Dynamics in Public and Private Housing Markets in Singapore” Journal of Housing Economics, Vol. 15, No. 4, pp. 305-320.
  11. Chu, Y.Q. and Sing, T.F. (2007), “Optimal Timing of Real Estate Investment under Asymmetric Duopoly” A special issue of Journal of Real Estate Finance and Economics, for the 3rd NUS-HKU symposium on real estate research, 14-15 July 2005, Singapore.
  12. Ong, S.E., Sing, T.F. and Teo, AHL (2007), “Delinquency and Default in ARMs: The Effects of Protected Equity and Loss Aversion,” a special issue of Journal of Real Estate Finance and Economics, for the 4th NUS-HKU symposium on real estate research, Hong Kong, Vol. 35, No. 3, pp. 253-280.
  13. Sing, T.F. and Sirmans, C.F. (2008) “Does Real Estate Ownership Matter in Corporate Governance?” Journal of Property Research, Vol. 25, No. 1, pp. 23-43.
  14. Deng Y.H., McMillen, D.P. and Sing, T.F. (2012) “Private Residential Price Indices in Singapore: A Matching Approach,” Regional Science and Urban Economics, Vol 42, No. 3, pp. 485 -494.
  15. Fan, Gangzhi, Sing, T.F., Ong, S.E. (2012) “Default Clustering and Credit Risks in Commercial Mortgage-Backed Securities (CMBS),” Journal of Real Estate Finance and Economics, 45 (1), 110-127.
  16. Chu, F.N., Chang, J.O. and Sing, T.F. (2013), “Collective action dilemma in condominium management,” Urban Studies, Vol. 50(1), pp. 128-147.
  17. Liu, Bo and Sing, Tien Foo, (2013) “Unobservable Risk in Mortgage Contract Choice” Real Estate Economics, Vol 41(4), pp 958-985.
  18. Liao, Wen-Chi, Zhao, Daxuan and Sing, Tien Foo, (2014) “Risk Attitude and Housing Wealth Effect” A Special Issues for APRU Symposium, Journal of Real Estate Finance and Economics, Vol. 48(3), pp. 467 - 491
  19. Dong, Zhi and Sing, Tien Foo, (2014) “Selection Biases in Competitive Land Bidding Process” A Special Issues for APRU Symposium, Journal of Real Estate Finance and Economics, Vol. 48(3), pp. 441-466.
  20. Deng, Y.H., McMilen, D.P. and Sing, T.F. (2014) “Matching Indices for Thinly-Traded Commercial Real Estate in Singapore” Regional Science and Urban Economics, Vol 47, pp. 86-98.
  21. Sumit Agarwal, Kang Mo Koo and Tien Foo Sing (2015) “Congestion Externalities: Impact of Electronic Road Pricing (ERP) Charges on Real Estate Prices in Singapore,” Journal of Urban Economics,Vol. 90, pp 50–59
  22. Dong, Zhi and Sing, Tien Foo (2016) “How Do Land Auction Formats Influence the Market Structure and Aggregate Surplus of Real Estate Development? Real Estate Economics, V44 No. 3, pp. 691–725
  23. Zhao, Daxuan and Sing, Tien Foo (2016) “Corporate Real Estate Ownership and Productivity Uncertainty” Real Estate Economics, Vol. 44, No. 2, pp. 521-547.
  24. Sing, T.F., Tsai, I.C. and Chen, M.C. (2016), “Time-Varying Betas of US REITs from 1972 to 2013” Journal of Real Estate Finance and Economics, Vol. 52, pp. 50–72.
  25. Sumit Agarwal, Wenlan Qian, David M. Reeb and Tien Foo Sing (2016) “Golf Buddies and Corporate Board Membership: The Influence on Gender Diversity,” American Economic Review Papers and Proceedings Issue, Vol. 106 No. 5, pp 272–276.
    • [Sumit Agarwal, Qian Wenlan, David Reeb and Tien Foo Sing, “Golf buddies and board diversity,” Harvard Law School Forum on Corporate Governance and Financial Regulation, 27June 2016]
  26. Agarwal, Sumit Rengarajan,Satyanarain, Sing, Tien Foo and Vollmer, Derek (2016) “Effects of construction activities on residential electricity consumption: Evidence from Singapore’s public housing estates” Energy Economics, Vol. 55, pp. 101–111.
  27. Sumit Agarwal, Satyanarain Rengarajan, Tien Foo Sing, and Yang Yang (2016) “School Allocation Policies and Housing Prices: An Experiment with School Relocation Events in Singapore,” Regional Science and Urban Economics, Vol. 58, pp. 42–56
  28. Diao, Mi, Qin, Yu and Sing, Tien Foo (2016) “Negative Externalities of Rail Noise and Housing Values: Evidence from the Cessation of Railway Operations in Singapore,” Real Estate Economics, Vol. 44, No. 4, pp. 878–917.
  29. Lin, Pei-Syuan, Chang, Chin-Oh, Sing, Tien Foo (2016), “Do Housing Options Affect Child Birth Decisions? Evidence from Taiwan,”  Urban Studies, Vol. 53, No. 16, pp. 3527–3546.
  30. Chiang, Ming-Chu, Tsai I-Chun and Sing, Tien Foo, (forthcoming) “Spillover Risks in REITs and other Asset Markets” Journal of Real Estate Finance and Economics
  31. Zhao, Daxuan and Sing, Tien Foo (forthcoming) “Air Pollution, Economic Spillovers and Urban Growth in China,” Annals of Regional Science.
  32. Sumit Agarwal,Jian Zhang, Tien Foo Sing and Jia He, (forthcoming) “Gender Gap in Personal Bankruptcy Risks: Empirical Evidence from Singapore” Review of Finance.
  33. Sumit Agarwal, Satyanarain Rengarajan, and Tien Foo Sing, (forthcoming) “Nudges by School Children and Electricity Conservation: Evidence from the “Project Carbon Zero” Campaign in Singapore” Energy Economics.
  34. Liu, Bo and Sing, Tien Foo, (forthcoming) ““Cure” Effects and Mortgage Default: A Split Population Survival Time Models”  Journal of Real Estate Finance and Economics
  35. Diao, Mi, Leonard, Delon and Sing, Tien Foo (forthcoming), “Spatial-Difference-in-Differences Models for Impact of New Mass Rapid Transit Line on Private Housing Values” Regional Science and Urban Economics.

Books/ Chapters in Book (4):

  1. Muhammad Najib Razali and Sing, Tien Foo (forthcoming) “Evolution of Global Islamic Reits: A Study Of Malaysian Market” in Parker, David (Editor), Routledge Research Handbook On International REITs.
  2. MacGregor, Bryn, Schulz, Rainer, Sing, Tien Foo (forthcoming) “Real Options in Real Estate,” Chapter 14  in  MacGregor, Schulz, Rainer, Green, Richard, and Newell, Graeme (editors),  The Routledge Companion to Real Estate Investment, The Routledge.
  3. Seek Ngee Huat, Sing Tien Foo and Yu Shi Ming, (2016) Singapore’s Real Estate Market: 50 Years of Transformation, The World Scientific Publisher.
  4. 邓永恒,  程天富,余子良, “新加坡公共住房发展演变:一个“居者有其屋”的成功典范.” 陈杰、[英]马克.斯蒂芬斯,[美]满燕云编著,陈杰(译)(2015). 公共住房的未来:东西方的现状与趋势. 中信出版社:北京.  2015年9月。ISBN: 978-7-5086-5350-1
  5. Deng Yongheng, Ren Chaoqun and Sing Tien Foo, “The Story of Singapore’s Public Housing: From a Nation of Home-Seeker to Home-Owner” Book project (completed in January 2013)
  6. A Practical Guide to Real Estate Investment Trusts (REITs) – Prospects of Establishing a REIT Market in China, Sing, T.F. (editor), Publishers: Pacific Star Group, National University of Singapore, and China Real Estate Chamber of Commerce. (ISSN: 1793-2998), 2006. [Editorial Team members: Wong Ah Long, Yang Hai Shan, Wendy Fang, (Pacific Star Group), Nie Mei Sheng, Yin Bin, Guo Ming Li, (China Real Estate Chamber of Commerce) Qi Bin, Guo Chuan Wei, Xu Jun, Liu Min Qiang, Liu Ju Zhong, Liu Yan Jun, Chu Qian, (China Embassy – Singapore), Tham Poh Cheong, Bang Geok Eng (International Enterprise Singapore). “Singapore Trade and Investment Guides”]
  7. “Commercial Real Estate Asset-Backed Securities” chapter in Modeling Derivatives in C++, Matlab, and Excel, Justin London (editor), FT Press, Pearson Education, Inc. Chapter 9, pp. 447-472 (Dec 2006). ISBN: 0-13-196259-0, New Jersey, USA
  8. “Connected Singapore: evolving from landlord to Facilities Service Provider,” chapter in Connected Buildings © 2006 Cisco Systems, Inc published by Torworth Ltd on behalf of Cisco Systems Inc, ISBN [978-0-9551959-1-4]. Pp 152-163. May 2007.

 Revise and Resubmit:

  1. Edward N. Coulson, Zhi Dong and Tien Foo Sing, “Estimating Hedonic Cost Functions: Case of Singapore’s Private Residential Property Markets,”
  2. Seah, K.Y., Shilling, J.D. and Sing, T.F. (2014) “How Real Estate Investors Form Expectations Revisited “
  3. Sumit Agarwal, Jia He, Haoming Liu, I.P.L. Png, Tien-Foo Sing, Wei-Kang Wong, “Superstition and Asset Markets: Evidence from Singapore Housing,”
  4. Sing, Tien Foo, Wang, Yonglin and Zhao, Daxuan,“Impact Of Foreclosure Laws On Mortgage Loan Supply And Performance”
  5. Sumit Agarwal, Hyun Soo Choi, Jia He and Tien Foo Sing, “Price of Ethnic Affinity in Housing Choice: Evidence from Public Resale Housing Market in Singapore.”
  6. Diao, Mi, Fan, Yi and Sing, Tien Foo, “Concurrent Ownership Restrictions in Singapore’s Housing Markets,”

Working papers:

  1. Tien Foo Sing and Long Wang, “Corruption and Home Bias in Global Real Estate Investments,”
  2. Liu Bo, Shilling, James D. and Sing, Tien Foo, “Large Banks and Efficient Banks: How do They Influence Credit Supply and Default Risk?”
  3. Sumit Agarwal, Tien Foo Sing, Long Wang, “Information Immobility and Learning in Commercial Real Estate Markets,”
  4. Sumit Agarwal, Tien Foo Sing, Yang Yang, “Risk-Avoidance and Environmental Hazard: Effects of the Transboundary Haze Pollution in Singapore”
  5. Chen, Zhen, Seah, Kiat Ying, Sing, Tien Foo and Wang, Long, “Spillovers of Non-Fundamental Risks in Securitized Real Estate Companies” (Online Appendix)
  6. Sumit Agarwal, Mi Diao, Jessica Pan, and Tien Foo Sing, “Are Singaporean Cabdrivers Target Earners?”
  7. Sumit Agarwal, Jia He, Tien Foo Sing and Changcheng Song, “Why Do Real Estate Agents Buy Houses at Lower Prices? Cherry Picking or Bargaining Power,”
  8. Sumit Agarwal, Hyun Soo Choi, Jia He, and Tien Foo Sing, “Are Chinese House Buyers Superstitious? Evidence from Housing Transactions during Hungry Ghost Months in Singapore”
  9. Kiat Ying Seah, James D. Shilling, Tien Foo Sing and Long Wang, ““REITarization” Effects on Global Real Estate Investments,”
  10. Sing, Tien Foo, Lim Kian Guan and Chen Hao, “ Revisiting the International Stock Price Synchronicity Issue”
  11. Lim, Kian Guan and Sing, Tien Foo, “Leverage Strategies of REITs and Real Estate Operating Companies,”
  12. Fan, G.Z., Pu M., Sing, T.F. and Zhang Xiaoyu, “Risk-Aversion and Urban Land Development Options"
  13. Agarwal, Sumit, Tien Foo, Sing and Yang, Yang, “Are Green Building Really “Greener”?”
  14. Sing, Tien Foo, “Does Corporate Governance Matter for REITs? – Re-examining “The REIT Effects”
  15. Zhao, Daxuan and Sing, Tien Foo, “Corporate Governance and Real Estate Collateral Effect.”

 Conference Papers:

  1. Liu, Bo, Shilling, James D. and Sing, Tien Foo, “CREDIT EXPANSION FOR RESIDENTIAL MORTGAGE INSTITUTIONS,” American Real Estate Society (ARES) 2012 Annual Meeting, April 19-21, St. Petersburg, Florida, USA.
  2. Fan, Gangzhi, Pu, Ming and Sing, Tien Foo, “Risk Aversion and Urban Land Development Options,” ASSA-AREUEA American Real Estate and Urban Economics Association meeting, 4 Jan 2013 to 6 Jan 2013, San Diego, California, USA.
  3. Lim, Kian Guan and Sing, Tien Foo, “Home Turf Advantage and Learning In Corrupt Markets: Evidence From Global REITs,” Asian Real Estate Society (AsRES) Conference, Kyoto, Japan, 28 June 2013 – 1 July 2013
  4. Lin, Pei-Syuan, Chang Chin-Oh, Sing, Tien Foo, “Housing links in Barro-Becker model of fertility: Evidence from Taiwan“ Asian Real Estate Society (AsRES) Conference, Kyoto Japan, 28 June 2013 – 1 July 2013.
  5. Lin, Pei-Syuan, Chang, Chin-Oh and Sing, Tien Foo (2013), “購屋事件對家戶生育行為的影響-以成本的觀點探討,” Global Chinese Real Estate Congress (GCREC) Conference, Beijing, China, 5-7 July 2013.
  6. Shilling, J.D. and Sing, T.F.,“The puzzling behavior of commercial real estate and REIT investors,” FSU-UF Symposium on Critical Issues in Real Estate, March 20-22, 2014, University of Florida, Gainesville, Florida
  7. Zhao, Daxuan and Sing, Tien Foo, “Air Pollution, Economic Spillovers and Urban Growth in China,” 3rd Regional, Urban, and Spatial Economics, China Center for Economic Studies, Fudan University, Shanghai, China, 6-7 June 2014.
  8. Lim, Kian Guan and Sing, Tien Foo, “(Ir)relevance of MM Propositions in Explaining Leverage Strategies of Real Estate Companies,” of 2014 International AREUEA Conference, Reading UK, 9 to 11 July 2014
  9. Agarwal, Sumit, Satyanarain, Rengarajan and Sing, Tien Foo, “Values of Proximity to Schools: An Experiment with School Relocation Events in Singapore” 2014 ASSA-AREUEA Conference, 3-5 January 2015
  10. Lim, Kian Guan and Sing, Tien Foo, “Real Estate Market Channels and Leverage Strategies: Evidence from REITs and Real Estate Operating Companies,” 2015 Global Real Estate Sumit 2015 (AREUEA/Asian Real Estate Society (AsRES) / Global Real Estate Congress (GCREC)), 6 – 9 July 2015.
  11. Coulson, N. Edward, Dong, Zhi, and Sing, Tien Foo, “Estimating Hedonic Cost Functions: Case of Singapore’s private residential property markets,” 2015 Global Real Estate Sumit 2015 (AREUEA/Asian Real Estate Society (AsRES) / Global Real Estate Congress (GCREC)), 6 – 9 July 2015.
  12. Shilling, James D., Sing, Tien Foo, and Wang Long, “Effects of Cross-Border Real Estate Capital Flows on REIT Markets,” 2015 Global Real Estate Sumit 2015 (AREUEA/Asian Real Estate Society (AsRES) / Global Real Estate Congress (GCREC)), 6 – 9 July 2015.
  13. Agarwal, Sumit, Choi, Hyun Soo, He, Jia and Sing, Tien Foo, “Are Chinese House Buyers Superstitious? Evidence from Housing Transactions during Hungry Ghost Months in Singapore” 2015 Global Real Estate Sumit 2015 (AREUEA/Asian Real Estate Society (AsRES) / Global Real Estate Congress (GCREC)), 6 – 9 July 2015.
  14. Agarwal, Sumit, Qian, Wenlan, Reeb, Davit M., and Sing, Tien Foo, “Golf Buddies and Board Diversity,”
  15. Agarwal, Sumit, He, Jia, Sing, Tien Foo and Song, Changcheng, “Why Do Real Estate Agents Buy Houses at Lower Prices? Cherry Picking or Bargaining Power,” ASSA-AREUEA Conference, January 3-5, San Francisco, California, USA.
  16. Agarwal, Sumit, Rengarajan, Satyanarain and Sing, Tien Foo, “Nudges by School Children and Electricity Conservation: Evidence from the “Project Carbon Zero” Campaign in Singapore,” January 3-5, 2016, San Francisco, California, USA.

Op Ed. Articles: 

  1. "The Rise and Rise of Shoebox Units" (with Sumit Agarwal and YongHeng Deng), Straits Times, September 12, 2012"

  2. "The 'hungry ghost month' effects on housing" (with Sumit Agarwal), Straits Times, September 2 2015

  3. 程天富, Sing, Tien Foo, “‘鬼节’购屋的禁忌 联合早报, 言论,5 September, 2015.

  4. Agarwal, Sumit and Sing, Tien Foo, “How School Proximity Affect Housing Prices,” Straits Times, 17 December 2015.

  5. 程天富, Sing, Tien Foo, “‘好学校地点对房价的影响 联合早报, 言论,狮城脉搏1 February, 2016.

  6. 程天富, Sing, Tien Foo, “房价和生育率的关系,” 联合早报, 言论, 社会万象22 February, 2016.

  7. 程天富, Sing, Tien Foo, “公共住宅政策的成功典范,” 联合早报, 言论, 狮城脉搏7 July, 2016.

  8. 程天富, Sing, Tien Foo, “公共住宅政策和困境 – 「 家家有本難念的經 」,台湾 財團法人國土規劃及不動產資訊中心, 專家評論 ,第十二期電子報, 1 June 2016.

  9. Sumit Agarwal, Qian Wenlan, David Reeb and Tien Foo Sing, “Golf buddies and board diversity,” Harvard Law School Forum on Corporate Governance and Financial Regulation, 27June 2016
  10. Deng, Yongheng and Sing, Tien Foo, “Opportunities in an integrated Asean real estate Market,” Real Estate Op. Ed. The Business Times, 5 October 2016
  11. Sumit Agarwal, Mi Diao, Jessica Pan and Tien Foo Sing, “Addressing the peak hour taxi shortage - Why it's so difficult to get a cab?” Today, Singapore, 6 October 2016.
  12. Sing, Tien Foo, “The ugly supply-side dynamics that can temper an en bloc frenzy,”  Channel News Asia (CNA) Commentary, 27 July 2017

    (http://www.channelnewsasia.com/news/singapore/commentary-the-ugly-supply-side-dynamics-that-can-temper-an-en-9068532)

 

 Non-refereed Articles:

  1. Sing, T.F. and Lim, C.W.J., “Collective Benefits,” Property 2000, the Business Times, 27 April 2000.
  2. Ooi, J., Ong, S.E. and Sing, T.F., “What Price Securitization?” Property 2000, the Business Times, 27 April 2000.
  3. Sing, T.F., “Open New Door: Asset Backed Securitization” Property Review, December 2000 issue.
  4. Sing, T.F., “The Mother of All Hubs: CORENET,” Property Review, February 2001 issue.
  5. Ong, S.E., Sing, T.F., Ho, K.K. and Ang, P. “The Real Estate Development and Investment Game Online,” CDTLink, Vol. 5, No. 1, 1 March 2001, pp. 14-16.
  6. Sing, T.F., “Can Brick still click?” Property Review, May 2001 issue.
  7. Sing, T.F. “Ready for REITs?” Property Review, July 2001 Issue.
  8. Ooi, J., Sing, T.F. and Ong, S.E. “Lemon or Plum? REITs” Property Buyers’ Guide, the Business Times supplement, 25 October 2001.
  9. Sing, T.F., “Commentary: Facing the Uncertain Year Ahead,” Property Review, December 2001 issue.
  10. Sing T.F. and Low, S.H.Y. “Is Property a good hedge against inflation?” Property Review, August 2002 issue.
  11. Sing T.F. and Low, S.H.Y. “Is Property a good hedge against inflation?” Property Review, August 2002 issue.
  12. Sing, T.F., “Challenges Ahead for Singapore Real Estate Investment Trusts,” RFP Magazine, August 2005.
  13. Sing, T.F., “Investing in Singapore Real Estate Investment Trusts (SREIT), The Executive, March 2007.
  14. Sing, T.F. “Commercial Mortgage Backed Securities (CMBS) - An innovative financing option for commercial real estate” CapitaInsight, March 2007
  15. Sing, T.F. “REITs in Asia – Really Efficient Investment Track or Rapidly Ending Investment Trend?” RFP Magazine, September 2007.

 Pedagogical articles:

  1. “Managing your own portfolio: Using computer simulation games to teach real estate student risk management,” CDTLink, Vol. 12, No. 2, July 2008.
  2. “Bringing Real-life Learning into Classrooms,” Ideas on Teaching, Volume 6, October 2008.
  3. “Customizing Continuous Assessment Exercises,” CDT Brief, Vol. 12, No. 4, July 2009
  4. "Using Role-Play to Enhance Classroom Learning" CDTL Brief, (2012)
  5. “Learning real estate risk management in simulated game environments” CDTL e-learning volume, (2012) (with Lee Nai Jia)

 

Teaching Areas:

Postgraduate:

  • Real Estate Investment
  • Commercial Real Estate Appraisal
  • Research Method & Statistical Analysis
  • Real Estate Finance & Securitization

 

Undergraduate:

  • Property Tax and Statutory Valuation
  • Real Estate Securitization
  • Real Estate Finance
  • Real Estate Investment & Finance
  • Quantitative Methods
  • Information Processing

 

Editorial services:

  • Editorial board member, Journal of Real Estate Research (1 July 2012 – present)
  • Associate Editor (2010), Journal of Housing Studies (Taiwan)
  • Editorial member, Pacific Rim Property Research Journal (2004-present)
  • Associate Editor, International Real Estate Review Journal (2001 – Present)
  • Guest Editor, Special Issue on “Technology Transfer Within The Post-Kyoto Protocol Policy Framework”, in International Journal of Technology Transfer and Commercialisation (2007-2010)
  • Guest Editor, Special Issue on “International Real Estate” in Journal of Property Investment & Finance (2002-2003).

 

National services:

  • Member, the Singapore Land Authority Advisory Panel (1 July 2016 – 30 June 2018)
  • A Member of The Panel of Assessors under The Appeals Board (Land Acquisition), Ministry of Law, Singapore (2010- present)
  • Member, the Examination and Professional Development Committee (EPDC), Council for Estate Agencies (CEA) (26 October 2014 – 25 October 2016)
  • Panel of Honorary Advisor, Institute of Estate Agents (IEA) Singapore(January 2016 - December 2016)
  • External assessor for the Research Grant Council, University Grant Committee, Hong Kong (2000 – 2004)

 

Professional memberships:

  • Secretary, Asian Real Estate Society (AsRES) (September 2016 - Present)
  • Board of Director of Global Chinese Real Estate Congress (GCREC) (2008 - present)
  • Board Member, Asian Real Estate Society (2000- Present)
  • Member, American Economic Association (1999-Present)
  • Member, American Real Estate & Urban Economics Association  (1998-Present)
  • Member, American Real Estate Society (1999-Present)

 
  • Highly commended Award by Literati Club 2002 for paper “Optimal Timing of a Real Estate Development under Uncertainty,” Journal of Property Investment & Finance, Vol. 19, No. 1, 2001.

 

  • Highly Commended Award by Literati Club 2004 for paper “Conditional Variance Tests for Integration between Direct and Indirect Real Estate Markets,” Journal of Property Investment & Finance, Vol. 21, No. 4, 2003 (co-authored with Sng, Sook Beng Stephanie)

 

  • Outstanding Paper Award by Literati Club 2005 for paper “Equilibrium Time on the Market (ETOM) for Commercial Real Estate in the UK,” The Gerald Brown Memorial Issue, Journal of Property Investment & Finance, (2004) Vol. 22, No. 6, pp. 458-471 (co-authored with Gerald R. Brown).

 

  • Best Paper Award by the Center for the Study of Real Estate Brokerage/ Agency at Cleveland State University for paper ““Do Institutional Real Estate Investors have Rational Expectations?” presented at the Asian Real Estate Society (AsRES) Conference, Macau, 9-12 July 2007. (co-authored with Shilling, James D.)

 

  • ARES 2007 Manuscript Prize Winners in the category Real Estate Investment/ Portfolio Management sponsored by RREEF, “Risk Premiums for International Real Estate Investing in the Pan-Asia Region” paper presented at the ARES conference,  (co-authored with Ho, Kim Hin / David, CHUA, Leslie Su Peng, and GLASCOCK, John L)

 

  • Visiting Professor, National Sun Yat-Seng University, Taiwan (May – July 2010) (funded by the National Sun Yat-Seng University Grant for short-term academic visitors)

 

  • Visiting Professor, National Cheng-Chi University, Taiwan, (August – October 2010) (by invitation)

 

  • Expert Witness in the review of land prices in Greater Taipei metropolitan area, Control Yuan, the Republic of China (Taiwan), (August 2010) (by Invitation).

 

  • Best Paper Award, “Inter- and Intra-Generation Consumption of Housing Goods: Did my parents own a larger house? Paper presented at the Global Chinese Real Estate Conference, Hangzhou, China, 1-4 April 2011, (with Lee, Nai Jia).

 

  • Post-doctoral honorees, the Weimer School of Advanced Studies in Real Estate and Land Economics, the Homer Hoyt Institute, 2012.

 

  • Invited as a keynote speaker at the Royal Institution of Chartered Surveyors (RICS) Foundation Global Symposium on Real Options: The Future of Property Investment and Property Valuation, 18-20 January 2012, University of South Australia, Adelaide.

 

  • Best International Paper Award, “Time-varying correlations between stock and direct real estate returns,” the 6th International Real Estate Symposium (IRES) 2012, organized by National Institute of Valuation (INSPEN), Ministry of Finance, Malaysia, 24-25 April 2012, INSPEN 2nd Campus, Selangor, Malaysia (coauthored with Tan Zhuang Yao).

 

  • Best paper award in Real Estate Finance Category, “Credit Expansion and Residential Mortgage Institutions”, S-2012-291, , American Real Estate Society (ARES) Annual Meeting, April 19-21 in St. Petersburg, FL. (Real Estate Finance, sponsored by Real Capital Analytics (RCA)) (coauthored with Liu Bo, National University of Singapore, and James D. Shilling, DePaul University)

 
  • Director, Institute of Real Estate Studies (IRES) (1 July 2017 - Present)
  • Deputy Head (Administration and Finance), Department of Real Estate (1 July 2013 – Present)
  • Deputy Director, Institute of Real Estate Studies (IRES) (1 July 2011 – 31 June 2014; 1 May 2015-30 June 2017)
  • Deputy Head (Academic), Department of Real Estate (1 August 2007 – 30 June 2013)
  • Deputy Head (Administration & Finance), Department of Real Estate (2 August 2004 – July 2006)
  • SDE representative in the NUS Steering Committee for the NUS-Fudan Joint Graduate School in Suzhou (August 2004)
  • Deputy Head (Research), Department of Real Estate (August 2003 – 1 August 2004 )
  • Research Director, CRES (July 2001 – July 2003)
  • Acting Research Director, CRES (September 2001 – July 2001)
  • Chief Editor, CRESTimes (Vol, 1, No 1 & 2, Vol. 2, No1, December 2000 – 2005)

 
  Last Modified: 2017-09-01