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PROFESSOR SING TIEN FOO
PROFESSOR, HEAD OF DEPARTMENT OF REAL ESTATE AND DIRECTOR OF INSTITUTE OF REAL ESTATE AND URBAN STUDIES (IREUS), NUS
National University of Singapore
4 Architecture Drive, Singapore 117566

 
  Appointment: PROFESSOR
  Office: SDE1-05-17
  Email: rststf@nus.edu.sg
  Tel: (65) 6516 4553
  Fax: (65) 6774 8684
  Homepage: https://sites.google.com/site/singtienfoospersonalwebsite/
  Curriculum Vitae (CV):
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Tien Foo is Professor of Real Estate, Head of Department of Real Estate, and Director at the Institute of Real Estate and Urban Studies (IREUS) at National University of Singapore (NUS). He is currently the President of Asian Real Estate Society (AsRES) (2019-Present), and has been the board members of AsRES since 2000, and Global Chinese Real Estate Congress (GCREC) since 2008. He served on the ASSA-AREUEA Conference Program Committee (2013, 2019) and AREUEA Membership Committee (2014). He is currently the Editor of the International Real Estate Review, an official journal of AsRES and GCREC, and serves on the editorial boards of Journal of Housing Studies (Taiwan), Journal of Property Research, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Pacific Rim Property Research Journal, and Real Estate Economic.  

Tien Foo has published more than 90 peer-reviewed papers in international refereed journals including Review of Financial Studies, Journal of Financial Economics, Review of Finance, Journal of Financial Services Research, Management Science and American Economic Review (Papers and Proceedings,) Energy Economics, Transportation Research Part D: Transport and Environment, and the field journals, such as Journal Urban Economics, Urban Studies, Regional Science and Urban Economics, Annals of Regional Science, Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Housing Economics, Journal of Real Estate Research, among others.

He won eleven international best paper awards. He is the Post-doctoral Honorees (2012) and the Fellow (2017) of the US-based Weimer School of Advanced Studies in Real Estate and Land Economics, the Homer Hoyt Institute. Tien Foo received the Outstanding Referee Award (2017) for Real Estate Economics.

Tien Foo has co-authored five books. The book "Kiasunomics: Stories of Singaporean Economic Behaviours" was nominated as the 2nd Best Seller (Non-Fiction) in Times' Chart, the 4th Best Seller of the Asian Chart of WH Smith, and the Finanlist of Best Non-Fiction Ttitle in Singapore Book Award 2018 by Singapore Book Publishers Association.  The second series of the book “Kiasunomics 2” have been officially launched in October 2020. The books collect multiple stories based on the research works done using Singapore’s data, and are written around the daily life stories of typical Singaporean families.

At the national level, Tien Foo serves as a Member of Panel of Assessor of the Appeal Board (Land Acquisition), Ministry of Law, Singapore (since 2010), a Member of the Valutation Review Board, Ministry of FInance (2019-2021), and a Member of the Professional Development Committee (or formerly known as Examination and Professional Development Committee) of the Council for Estate Agencies (CEA), Ministry of National Development (2014-2018). He is the co‐founder and principal investigator of the Singapore’s NUS‐REDAS Real Estate Sentiment Index. He serves as the Honorary Advisor of PropTech Association of Singapore (SPTA) (2018) and Singapore Estate Agencies Association (SEAA) (2019-2021).

In NUS, he teaches real estate finance, real estate securitization, real estate investment, property tax and statutory valuation at both the undergraduate and post‐graduate levels.

Tien Foo obtained his 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 the University of Cambridge, UK and a Bachelor of Science degree in Estate Management  with 1st Class Honors from the National University of Singapore.

Attachment(s): sing tf cvdetails-dre-26march 2021(10).pdf |

 
  • 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 Economic Journals (49)

  1. Fan, G.Z., Pu M., Sing, T.F. and Zhang Xiaoyu, (accepted) “Risk-Aversion and Urban Land Development Options” Real Estate Economics
  2. Sumit Agarwal, Ying Fan, Daniel P McMillen and Tien Foo Sing, (forthcoming) “Tracking the Pulse of a City – 3D Real Estate Price Heat Maps,” Journal of Regional Science.
  3. Dai Fangzhou, Diao Mi and Sing Tien Foo, (forthcoming) “Effects of Rail Transit on Individual Travel Mode Shares: A Two-Dimensional-Propensity-Score-Matching Approach,” Transportation Research Part D: Transport and Environment.
  4. Sumit Agarwal, Mi Diao, Jussi Keppo and Tien Foo Sing (forthcoming) "Preferences of Public Transit Commuters: Evidence from Smart Card Data in Singapore," Journal of Urban Economics.
  5. Sumit Agarwal, Wenlan Qian, Tien Foo Sing and Poh Lin Tan (forthcoming) “Fortunes Of Dragons: Cohort Size Effects On Life Outcomes,” Population Studies
  6. Sumit Agarwal, Tien Foo Sing, Yang Yang (2020) “The Impact of Transboundary Haze Pollution on Household Utilities ConsumptionEnergy Economics, Vol. 85.
  7. Edward N. Coulson, Zhi Dong and Tien Foo Sing, (forthcoming) “Estimating Supply Functions for Residential Real Estate Attributes” Real Estate Economics.
  8. Chiang, Ming-Chu, Sing, Tien Foo, Wang, Long (2020) “Interactions of Housing Market and Stock Market in the US – A Markov Switching Approach” Journal of Real Estate Research, Vol. 42, No. (4), pp. 552-571.
  9. Jia He, Haoming Liu, Tien-Foo Sing, Changcheng Song, and Wei-Kang Wong, (2020) “Superstition and Asset Markets: Evidence from Singapore Housing,” Management Science, Vol 66, No. 2, pp. 783-804.
  10. Liu Bo, Shilling, James D. and Sing, Tien Foo (2020) “Large Banks and Efficient Banks: How do They Influence Credit Supply and Default Risk?” Journal of Financial Services Research, Vol. 57, pp. 1–28
  11. Sumit Agarwal, Hyun Soo Choi, Jia He and Tien Foo Sing (2019) “Matching in Housing Markets: The Role of Ethnic Social Networks” Review of Financial Studies, Volume 32, Issue 10, Pages 3958–4004.
  12. Sumit Agarwal, Jia He, Tien Foo Sing and Changcheng Song (2019) “Why Do Real Estate Agents Buy Houses at Lower Prices? Cherry Picking or Bargaining Power,” Journal of Financial Economics,Vol 134, pp 715 – 735.
  13. Zhao, Daxuan, Wang, Yonglin and Sing, Tien Foo (2019), “Impact Of Foreclosure Laws On Mortgage Loan Supply And Performance,” Journal of Real Estate Finance and Economics, Vol. 58 (2), pp. 159–200
  14. Liu, Bo and Sing, Tien Foo, (2018) ““Cure” Effects and Mortgage Default: A Split Population Survival Time Models,” Journal of Real Estate Finance and Economics, Vol.56 (2) pp. 217–251
  15. Sumit Agarwal, Jian Zhang, Tien Foo Sing and Jia He, (2018) “Gender Gap in Personal Bankruptcy Risks: Empirical Evidence from Singapore” Review of Finance, Vol 22 (2), pp. 813–847
  16. Diao, Mi, Leonard, Delon and Sing, Tien Foo (2017) “Spatial-Difference-in-Differences Models for Impact of New Mass Rapid Transit Line on Private Housing Values” Regional Science and Urban Economics, Vol. 67, pp.64-77.
  17. Diao, Mi, Fan, Yi and Sing, Tien Foo, (2017) “A New Mass Rapid Transit (MRT) Line Construction and Housing Wealth: Evidence from the Circle Line,” Inaugural Issue of Journal of Infrastructure, Policy & Development (JIPD), Vol. 1, No. 1, pp 64-89.
  18. Sumit Agarwal, Satyanarain Rengarajan, Tien Foo Sing, and Yang Yang (2017) “Nudges by School Children and Electricity Conservation: Evidence from the “Project Carbon Zero” Campaign in Singapore” Energy Economics, Vol. 61, pp. 29-41.
  19. Zhao, Daxuan and Sing, Tien Foo, (2017) “Air Pollution, Economic Spillovers and Urban Growth in China,” Annals of Regional Science, (Special Issue on Asia) Volume 58, Issue 2, pp 321–340.
  20. Chiang, Ming-Chu, Sing, Tien Foo, and Tsai I-Chun (2017) “Spillover Risks in REITs and other Asset Markets,” Journal of Real Estate Finance and Economics, Vol. 54, pp. 579-604.
  21. 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.
  22. 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.
  23. Sumit Agarwal, Satyanarain Rengarajan, Tien Foo Sing, and Derek Vollmer (2016) “Effects of construction activities on residential electricity consumption: Evidence from Singapore’s public housing estates” Energy Economics, Vol. 55, pp. 101–111.
  24. Agarwal, Sumit, , Satyanarain Rengarajan, Sing, Tien Foo 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.
  25. Agarwal, Sumit, Qian, Wenlan, Reeb, David M. and Sing, Tien Foo, (2016) “Golf Buddies and Corporate Board Membership: The Influence on Gender Diversity,” American Economic Review: Papers and Proceedings, Vol. 106 No. 5, pp 272–276.
  26. Sing, Tien Foo, Tsai, I-Chun and Chen, Ming-Chi (2016) “Time-Varying Betas of US REITs from 1972 to 2013” Journal of Real Estate Finance and Economics, Vol. 52, pp. 50–72.
  27. Zhao, Daxuan and Sing, Tien Foo (2016) “Corporate Real Estate Ownership and Productivity Uncertainty” Real Estate Economics, Vol. 44, No. 2, pp. 521-547.
  28. 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.
  29. Agarwal, Sumit, Koo, Kang Mo and Sing, Tien Foo, (2015) “Impact of Electronic Road Pricing (ERP) Charges on Real Estate Prices in Singapore,” Journal of Urban Economics, Vol. 90, pp 50–59.
  30. Deng, Yongheng, McMilen, Daniel P. and Sing, Tien Foo, (2014) “Matching Indices for Thinly-Traded Commercial Real Estate in Singapore” Regional Science and Urban Economics, Vol 47, pp. 86-98.
  31. Dong, Zhi and Sing, Tien Foo, (2014) “Selection Biases in Competitive Land Bidding Process” Journal of Real Estate Finance and Economics, Vol. 48(3), pp. 441-466.
  32. Liao, Wen-Chi, Zhao, Daxuan and Sing, Tien Foo, (2014) “Risk Attitude and Housing Wealth Effect” Journal of Real Estate Finance and Economics, Vol. 48(3), pp. 467 – 491.
  33. Liu, Bo and Sing, Tien Foo, (2013) “Unobservable Risk in Mortgage Contract Choice” Real Estate Economics, Vol 41(4), pp 958-985.
  34. 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.
  35. Fan, Gangzhi, Sing, T.F., Ong, Seow Eng (2012) “Default Clustering and Credit Risks in Commercial Mortgage-Backed Securities (CMBS),” Journal of Real Estate Finance and Economics, 45 (1), 110-127.
  36. Deng Yongheng., McMillen, Daniel P. and Sing, Tien Foo, (2012) “Private Residential Price Indices in Singapore: A Matching Approach,” Regional Science and Urban Economics, Vol 42, No. 3, pp. 485 -494.
  37. Sing, Tien Foo and Sirmans, C.F. (2008) “Does Real Estate Ownership Matter in Corporate Governance?” Journal of Property Research, Vol. 25, No. 1, pp. 23-43.
  38. Ong, Seow Eng, Sing, Tien Foo and Teo, Alan Hwee Loon (2007), “Delinquency and Default in ARMs: The Effects of Protected Equity and Loss Aversion,” Journal of Real Estate Finance and Economics, Vol. 35, No. 3, pp. 253-280.
  39. Chu, Yongiang and Sing, Tien Foo (2007) “Optimal Timing of Real Estate Investment under Asymmetric Duopoly” Journal of Real Estate Finance and Economics, Vol. 34, No. 3, pp 327-345.
  40. Sing, Tien Foo, Tsai, I-Chun and Chen, Ming-Chi (2006) “Price Dynamics in Public and Private Housing Markets in Singapore” Journal of Housing Economics, Vol. 15, No. 4, pp. 305-320.
  41. Fan, Gagn-Zhi, Ong, Seow Eng. and Sing, Tien Foo (2006) “Moral Hazard, Effort Sensitivity and Compensation in Asset-Backed Securitization” Journal of Real Estate Finance and Economics, Vol. 32, pp. 229-251.
  42. Ong, Seow Eng, Sing, Tien Foo and Malone-Lee, Lai Choo, (2004) “Strategy Considerations in Land Use Planning: The Case of Singaporean White Site” Journal of Property Research. Vol. 21, No 3, pp.235-253.
  43. 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.
  44. Sing, Tien Foo, Ong, Seow Eng, Fan, Gang-zhi and Sirmans, C.F. (2004) “Cash Flow Swaps in Asset-Backed Securitization Transaction” Journal of Real Estate Finance & Economics, Vol. 28, No. 2, pp. 235-254.
  45. Sing, Tien Foo, Ong, Seow Eng 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.
  46. Sing, Tien Foo (2003) “Dynamics of Private Industrial Space Demand in Singapore” Journal of Real Estate Research, Vol. 25, No. 3, pp.301-324.
  47. Sing, Tien Foo (2002) “Time to Build Options in Construction Process” Construction Management and Economics, Vol. 20, No.2, pp. 119-130.
  48. Ong, Seow Eng and Sing, Tien Foo (2002) “Price Discovery between Private and Public Housing Markets” Urban Studies, Vol. 39 No. 1, pp 57-67.
  49. Patel, Kanak and Sing, Tien Foo (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.

Other Publications (50):

  1. Diao, Mi, Fan, Yi and Sing, Tien Foo (2019), “Demand Restrictions and Asymmetric Risk Behaviors” International Real Estate Review, Vol. 22, No. 2, pp. 131 - 168.
  2. Dong, Zhi and Sing, Tien Foo, (2017) “Developers’ heterogeneity and real estate development timing options,” Journal of Property Investment and Finance, Vol. 35, No. 5, pp. 472 - 488.
  3. Muhammad Najib, Razali and Sing, Tien Foo (2015) “Do Islamic REITs Behave Differently from Conventional REITs?” Journal of Real Estate Portfolio Management, Vol. 21, No.1, pp. 77-92.
  4. Lee, Nai Jia. and Sing, Tien Foo (2015) “Housing Supply and Housing Mobility: An Examination of Supply Side Strategies in Hot Market” Journal of Real Estate (Chinese), Vol. 2 No. 1, pp. 1-14
  5. Tsai, Hsiu-Jun, Chen, Ming-Chi, Chih-Yan Yang and Sing, Tien Foo (2015) “Contagion and Downside Risk in the REIT Market during the Subprime Mortgage Crisis” International Journal of Strategic Property Management, Vol. 19 No. 1, pp. 42- 57
  6. Sing, Tien Foo and Loh, Kok Weng (2014) “Predictability of Shariah-Compliant Stock and Real Estate Investments” International Real Estate Review, Vol. 17(1), pp. 23-46.
  7. Tsai, I-Chun, Sing, Tien Foo and Chiang, Ming-Chu (2013) “Are REITs a Good Shelter from Financial Crises? Evidence from the Asian Markets” Journal of Property Investment and Finance, Vol. 31(3), pp. 237-253.
  8. Sing, Tien Foo and Tan, Zhuang Yao (2013) “Time-varying correlations between stock and direct real estate returns” Journal of Property Investment and Finance, Vol. 31(2), pp. 179-195.
  9. Sing, Tien Foo (2012) “A Real Option Approach to Pricing Retail Leases with Overage Clauses” Pacific Rim Property Research Journal, Vol. 18(3), 197-212.
  10. Tsai, I-Chun, Sing, Tien Foo, Chen, Ming-Chi, and Ma, Tai (2012) “The Structure of REIT beta” Applied Financial Economics, Vol. 22(10), pp. 827-836.
  11. Syahzan, Sani Kudus. and Sing, Tien Foo (2011) “Alignment of interests with insiders and REIT sponsors: Evidence of emerging REIT markets in Asia” Journal of Real Estate Portfolio Management,” Vol. 17, No. 2, pp 127-138
  12. Cheok, Shan Min Charmaine, Sing, Tien Foo and Tsai, I-Chun (2011) “Diversification as a value-adding strategy for Asian REITs: A Myth or Reality?” International Real Estate Review, Vol. 14, No. 2, pp. 184-207.
  13. Sham, Hui Ting, Sing, Tien Foo, and Tsai I-Chun (2009) “Are there efficiency gains for larger Asian REITs?” A special issue on “property finance and investment in Asia,” Journal of Financial Management of Property and Construction, Vol. 14 No. 3, pp. 231-247.
  14. Sing, Tien Foo, Deng, Leiteng and Wang, Hong (2007) “Tests of Common Real Estate Risk Premia in a Time-Varying Expected Return Framework” Journal of Property Investment & Finance, Vol. 25, No. 4, pp. 359-369.
  15. Ooi, Thian Leong Joseph, Newell, Graeme and Sing, Tien Foo (2006) “The Growth of REIT Markets in Asia” Journal of Real Estate Literature, Vol. 14, No. 2, pp. 203-222.
  16. Chen, Ming-Chi and Sing, Tien Foo (2006) “Common Structural Time Series Components in Inflation and Residential Property Prices” Journal of Real Estate Portfolio Management, Vol. 12, No. 1, pp. 23-36.
  17. Ho, Kim Hin David, Ong, Seow Eng and Sing, Tien Foo (2006) “Asset Allocation – International Real Estate Investment Strategy under a Workable Analytic-Hierarchy-Process (AHP)” Journal of Property Investment & Finance, Vol. 24, No. 4, pp. 324-342.
  18. Sing, Tien Foo, Ooi, Thian Leong Joseph, Wong, Ah Long and Lum, Kok Keong Patrick (2006) “Network Connectivity and Office Occupiers' Space Decision: The Case of Suntec City” Journal of Property Investment & Finance, Vol. 24, No. 4, pp. 221-238.
  19. Lai, Neng Rose, Ong, Seow Eng and Sing, Tien Foo (2005) “Values of Mortgages with Top-Up Payment Options” International Journal of Theoretical and Applied Finance, Vol.9, No. 5, pp.801-824.
  20. Sing, Tien Foo (2005) “Impact of Information and Communications Technology (ICT) on Real Estate Space: Perspective of Office Occupiers” Journal of Property Investment and Finance, Vol. 23, No. 6, pp. 494-505.
  21. Patel, Kanak, Paxson, Dean and Sing, T.F., “Practical Uses of Real Property Options” RICS Foundation Research Paper Series 2004.
  22. Sing, Tien Foo, Ong, Seow Eng, Fan Gang-zhi and Lim, Kian Guan (2005) “Pricing Credit Risk of Asset-Backed Securitization Bonds in Singapore” International Journal of Theoretical and Applied Finance, Vol. 8, No. 3, pp. 321-338.
  23. Sing, Tien Foo, Ong, Seow Eng and Ng Kah Hwa (2004) “Commercial Mortgage Backed Securitization in Singapore: The Challenges Ahead” Real Estate Finance, Vol. 21, No. 3, pp. 14-27.
  24. Brown, Gerald R. and Sing, Tien Foo (2004) “Equilibrium Time on the Market (ETOM) for Commercial Real Estate in the UK” The Gerald Brown Memorial Issue, Journal of Property Investment & Finance, Vol. 22, No. 6, pp. 458-471.
  25. Fan, Gang-zhi, Sing, Tien Foo, Ong, Seow Eng and Sirmans, C.F. (2004) “Governance and Optimal Financing for Asset-Backed Securitization” Journal of Property Investment & Finance, Vol. 22, No. 5, pp 414-434.
  26. Sing, Tien Foo and Lim, Chen Wan Jenny (2004) “Value of Collective Effort: Redevelopment Timing Options of Enbloc Sale Sites in Singapore” Pacific Rim Property Research Journal, Vol. 10, No. 2, pp. 193-214.
  27. Chu, Yongqiang and Sing, Tien Foo (2004) “Inflation Hedging Characteristics of Chinese Real Estate Market” Journal of Real Estate Portfolio Management, Vol. 10, No. 2, pp. 145- 154.
  28. Sing, Tien Foo and Ong, Seow Eng (2004) “Residential Mortgage Backed Securitization in Asia: The Singapore Experience” Journal of Real Estate Literature, Vol. 12, No. 2, pp. 159-180.
  29. Sing, Tien Foo and Tang, Wei Liang (2004) “Valuing Leasing Risks in Commercial Property with a Discrete-Time Binomial Tree Option Model” Journal of Property Investment & Finance, Vol. 22, No. 2, pp. 173-191.
  30. Sing, Tien Foo and Ling, Sze Chi (2003) “The Role of Singapore REITs in A Downside Risk Asset Allocation Framework” Journal of Real Estate Portfolio Management, Vol. 9, No. 3, pp. 219-236.
  31. Sing, Tien Foo and Sng, Sok Beng Stephanie (2003) “Conditional Variance Tests of Integration Between Direct and Indirect Real Estate Markets” Journal of Property Investment & Finance, Vol. 21, No. 4, pp. 366-382.
  32. Ong, Seow Eng, Cheng, Fook Jam, Boon, Boaz. and Sing, Tien Foo (2003) “Oligopolistic Bidding and Pricing in Residential Property Development” Journal of Property Investment & Finance, Vol 21 No. 2, pp.154-189.
  33. Sing, Tien Foo, Lee, Kim Pang Juvette and Wong, Ah Long (2002) “Network Effects and Broadband Connectivity in Office Building” International Real Estate Review, Vol. 5, No. 1, pp. 146-168.
  34. Sing, Tien Foo, Ho, Kim Hin David and Mak, Mei Fong Evelyn (2002) “Real Estate Market Reaction to Public Listings and Acquisition News of Malaysia REITs” Journal of Real Estate Portfolio Management, Vol. 8, No. 3, pp. 209-228.
  35. Sing, Tien Foo, Yu, Shi Ming and Ong, Seow Eng (2002) “’White’ Site Valuation: A Real Option Approach” Pacific Rim Property Research Journal, Vol. 8, No. 2, pp. 140-157.
  36. Sing, Tien Foo, Liow, Kim Hiang and Chan, W.J, (2002) “Mean Reversion of Singapore Property Stock Prices towards Their Fundamental Values” Journal of Property Investment & Finance, Vol. 20, No. 4, pp.374-387.
  37. Sing, Tien Foo (2002) “Renewal Options in Industrial Leases of Jurong Town Corporation” a Special Issue of the World Valuation Congress, Journal of Property Investment & Finance, Vol. 22, No. 3, pp. 222-241.
  38. Sing, Tien Foo (2002) “Irreversibility and Uncertainty in Property Investment” Journal of Financial Management of Property and Construction, Vol.7, No.1, pp.17-29.
  39. Sing, Tien Foo and Ho, Kim Hin David and Tay, Poh Huat Danny (2002) “A Fuzzy Discounted Cash Flow Analysis for Real Estate Investment” in  Wang, Ko and Wolverton, Marvin L. (Editors), Real Estate Valuation Theory, (Research Issues in Real Estate, Vol. 8), American Real Estate Society (ARES) Monograph, Chapter 17, pp.389-410.
  40. Sing, Tien Foo (2001), “Dynamics of Condominium Market in Singapore” International Real Estate Review, Vol. 4, No. 1, pp. 135-158.
  41. Sing, Tien Foo and Patel, Kanak (2001) “Empirical Evaluation of the Value of Waiting to Invest” Journal of Property Investment & Finance. Vol. 19, No. 5. pp. 535-553.
  42. Sing, Tien Foo and Zhong, Qi (2001) “Construction & Real Estate Network (CORENET)” Facilities, Vol. 19, No. 11/12, pp 419-427.
  43. Sing, Tien Foo and Patel, Kanak (2001) “Effects of Portfolio Diversification on Property Investment Company Stock Prices; 1983-1994” Journal of Property Investment & Finance, Vol. 19, No. 4, pp. 390-411.
  44. Sing, Tien Foo (2001) “Is Property Stock Market Efficient in the Weak Form? Singapore’s Evidence” Journal of Financial Management of Property and Construction, Vol. 6, No. 1, pp. 3-18.
  45. Sing, Tien Foo and Low, Swee Hiang Yvonne (2001) “A Comparative Analysis of Inflation-Hedging Characteristics of Property and Non-Property Assets in Singapore” Journal of Real Estate Portfolio Management, Vol. 6, No. 4, pp. 373-386.
  46. Sing, Tien Foo (2001) “Optimal Timing of Development under Uncertainty” Journal of Property Investment & Finance, Vol. 19, No.1, pp. 35-52.
  47. Sing, Tien Foo and Patel, Kanak (2001) “Evidence of Irreversibility in the UK Property Market” The Quarterly Review of Economics and Finance, Vol. 41, No.3, pp. 313-334.
  48. Ong, Seow Eng, Ooi, Thian Leong Joseph and Sing, Tien Foo (2000) ”Asset Securitization in Singapore: A Tale of Three Vehicles” Real Estate Finance, Vol. 17, No.2, pp.47-56.
  49. Sing, Tien Foo and Ong, Seow Eng (2000) “Asset Allocation in A Downside Risk Framework” Journal of Real Estate Portfolio Management, Vol.6, No.3, pp. 213-224.
  50. Ong, Seow Eng and Sing, Tien Foo (1999) “The Threshold Upgradability Index” Real Estate Time, Vol. 2, No. 1, pp. 14-20.

Published Books

  1. Sumit Agarwal, Swee Hoon Ang and Tien Foo Sing, Kiasunomics 2: Economic Insights of Everyday Life, World Scientific Publishing Co., August 2020 (ISBN: 978-981-121-710-4) 
  2. 薛义华,程天富,余熙明【新加坡房地产市场的变革与创新】,中信出版集团,2019.
  3. Sumit Agarwal, Swee Hoon Ang and Tien Foo Sing, Kiasunomics, World Scientific Publishing Co., Jan 2018. (2nd Best Seller in Non-Fiction Categories, Times Publishing and 4th Best Sellers in Asian Chart in WH Smith; Finalist for “Best Non-Fiction Title”, Singapore Book Publishers Association’s Singapore Book Awards 2018). (ISBN: 978-981-3233-37-9)
  4. Seek Ngee Huat, Sing Tien Foo and Yu Shi Ming, (2016) Singapore’s Real Estate Market: 50 Years of Transformation, The World Scientific Publishing Co (ISBN: 978-981-4689-27-4)
  5. 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.

Chapters in Book:

  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. 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
  4. 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)
  5. “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
  6. “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.

 Papers Under Review / Working papers:

  1. Agarwal Sumit, Chia Liu Ee, Sing Tien Foo “Straw Purchase or Safe Haven? The Hidden Perils of Illicit Wealth in Property Markets,”
  2. Sumit Agarwal, Yi Fan, Wenlan Qian and Tien Foo Sing, “Like Father Like Son? Social Engineering and Intergenerational Housing Wealth Mobility”
  3. Sumit Agarwal, Tien Foo Sing, Changcheng Song and Jian Zhang, “Workplace Flexibility and Entrepreneurship.
  4. Sumit Agarwal, Mahanaaz Sultana and Tien Foo Sing, “Public Media Campaign and Energy Conservation: A Natural Experiment in Singapore.”
  5. Sumit Agarwal, Shih-Fen Cheng,Tien Foo Sing, Mahanaaz Sultana, “Explaining the gender wage gap of Singapore taxi drivers - Are women Strategic?”
  6. Sumit Agarwal, Ying Fan and Tien Foo Sing, “Overconfidence and bankruptcy risks: Evidence from mispricing in housing transaction,”
  7. Fan Ying and Sing Tien Foo, “Macroeconomic Policy-Induced Wealth Effects on Chinese Foreign Housing Investments,”
  8. Mi Diao, Tien Foo Sing and Xiaoyu Zhang, “The Political Economy of Public Housing Upgrading Programs,”
  9. Diao Mi, Fan Yi and Sing Tien Foo, “Pricing Responses And Supply Shocks: A Natural Experiment On Developers’ Behaviors,”
  10. Chia, Liu Ee and Sing, Tien Foo, “Redevelopment Values in Multi-Family Properties: Evidence from En bloc Sales in Singapore,” 
  11. Chia Liu Ee and Sing Tien Foo, “Speculators and Certainty Effect: Evidence from the Redevelopment Market,”
  12. Mi Diao, Daniel P. McMillen and Tien Foo Sing, "A Spatial Quantile Regression Analysis of Housing Price Distributions near Urban Rail Transit Stations”
  13. Shilling, J.D. and Sing, T.F.  “How Real Estate Investors Form Expectations Revisited “
  14. Sumit Agarwal, Mi Diao, Jessica Pan, and Tien Foo Sing, “Are Singaporean Cabdrivers Target Earners?”
  15. 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"
  16. Sumit Agarwal, Tien Foo Sing, Long Wang, “Information Immobility and Learning in Commercial Real Estate Markets,”
  17. Tien Foo Sing and Long Wang, “Corruption and Home Bias in Global Real Estate Investments,”
  18. Chen, Zhen, Seah, Kiat Ying, Sing, Tien Foo and Wang, Long, “Spillovers of Non-Fundamental Risks in Securitized Real Estate Companies” (Online Appendix)
  19. Kiat Ying Seah, James D. Shilling, Tien Foo Sing and Long Wang, “REITs and Liquidity in Real Estate Markets,”
  20. Chang, Yuan-Chen, Hsieh, Yi-Ting, Seah, Kiat Ying, and Sing, Tien Foo, “Banking Relationships and Lending Decisions of REITs”
  21. Cheng, Hao, and Lim, Kian Guan, Sing, Tien Foo, and Wang Long, “Integration, Concentration, and Stock Return Synchronicity”
  22. Chang, Carolyn W., Lim, Kian Guan and Sing, Tien Foo, “Leverage Strategies of REITs and Real Estate Operating Companies,”
  23. Fan, G.Z., Pu M., Sing, T.F. and Zhang Xiaoyu, “Risk-Aversion and Urban Land Development Options"
  24. Sing, Tien Foo, Yang Jingye Jesse, and Yu, Shi Ming, “Decision tree and Boosting Techniques in Artificial Intelligence Based Automated Valuation Models (AI-AVM)”
  25. Sing Tien Foo and Zou Yiheng, “Mortgage Payments and Equity Premium Puzzle,”
  26. Zhao Daxuan and Sing Tien Foo “Housing, Wealth Composition and Expected Stock Returns”

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, 2016, 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.
  17. Kiat Ying Seah, James D. Shilling, Tien Foo Sing and Long Wang, “”REITarization” Effects on Global Real Estate Investments,” International AREUEA Conference, Alicante, Spain, July 6-9,2016
  18. Agarwal, Sumit, Diao, Mi, and Sing, Tien Foo, “Political Economy of Public Housing Upgrading Programme: Singapore’s Evidence” NUS-IRES Symposium: Affordable Housing: The Public Policies, Politics and Economics, May 19-20, 2016
  19. Chen, Zhen, Sing, Tien Foo and Wang, Long, “Spillovers of Non-Fundamental Risks in Securitized Real Estate Companies: The Tales of Two Markets,” International AREUEA Conference, Alicante, Spain, July 6-9,2016
  20. Agarwal, Sumit, Diao, Mi, and Sing, Tien Foo, “Political Economy of Public Housing Upgrading Programme: Singapore’s Evidence” 2016 Global Chinese Real Estate Congress (GCREC) Conference, Hangzhou, China, 1-3 July 2016
  21. Sumit Agarwal, Lorenz Goette, Tien Foo Sing, Thorsten Staake, Verena Tiefenbeck, Davin Wang, “Reducing Shower water Consumption with real Time Feedback,” Singapore International Water Week, Water Convention, Singapore July 10-14, 2016.
  22. Sumit Agarwal, Tien Foo Sing, Yang Yang, “The Impact of Air Pollution on Household Utility Consumption in Singapore,” Workshop on “Green Cities in Asia”, Tsinghua University, Beijing, P. R. China, October 15-16, 2016.
  23. 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,” ASSA-AREUEA Conference, Chicago, IL January 6-8, 2017.
  24. Chen, Fong-yao and Sing, Tien Foo, “The Law of One Price Revisits: Evidence from Carpark Lot Values in Taipei City”, AsRES-GCREC Conference, Taichung, July 7-12, 2017.
  25. Chang Yuan-Chen, Hsieh Yi-Ting, Kiat Ying Seah, and Sing Tien Foo, “Bank-REIT Lending Relationship and Credit Conditions: A Cross-Country Perspective,” AsRES-GCREC Conference, Taichung, Taiwan, July 7-12, 2017.
  26. Sumit Agarwal, Tien Foo Sing, and Yang Yang, “Risk Avoidance and Environmental Hazards- Effects of the Transboundary Haze Pollution in Singapore,” ASSA – AREUEA Conference, 5- 7 January 2018
  27. Sumit Agarwal, Tien Foo Sing, and Long Wang, “Information Immobility and Learning in Commercial Real Estate Markets,” The Hoyt Group, Weimer School of Advanced Studies in Real Estate And Land Economics, Conference, West Palm Beach, Florida, January 12-14, 2018 (By invitation)
  28. Sumit Agarwal, Tien Foo Sing, Long Wang, “Information Immobility and Learning in Commercial Real Estate Markets,” Deakin Business School Finance Seminar on Thursday 26 April 2018 (By Invitation).
  29. Diao, Mi, McMillen, D.P. and Sing, Tien Foo, “A Quantile Regression Analysis of Housing Price Distributions Near MRT Stations,” Urban Economics and Public Finance Conference, Lincoln Land Institute, May 4-5, 2018, Cambridge, MA (By invitation).
  30. Diao, Mi, McMillen, D.P. and Sing, Tien Foo, “A Quantile Regression Analysis of Housing Price Distributions Near MRT Stations,” Asia Bureau of Finance and Economic Research (ABFER) 6th Annual Conference, Shangri-La Hotel, 21 -24 May 2018
  31. Carolyn W. Chang, Kian Guan, Lim, and Tien Foo, Sing, “Optimal Leverage Strategies for Asian REITs,” 25th European Real Estate Society (ERES) Conference, 27-30 June 2018
  32. Chang Yuan-Chen, Hsieh Yi-Ting, Kiat Ying Seah, and Sing Tien Foo, “Banking Relationships and Holding-Up in REIT Lending: Empirical Evidence from Asian Markets,” 25th European Real Estate Society (ERES) Conference, 27-30 June 2018
  33. Diao, Mi, Fan, Yi and Sing, Tien Foo, “Concurrent Ownership Restrictions in Singapore's Housing Markets,” 25th European Real Estate Society (ERES) Conference, 27-30 June 2018
  34. Gang-Zhi FAN,  Ming PU,  Tien Foo SINGand Xiaoyu ZHANG, “Risk Aversion and Urban Land Development Options,” 2018 Asian Real Estate Society (AsRES) Conference, Incheon, Korea, 8-11, July 2018
  35. Chia, Liu Ee and Sing, Tien Foo, “Effects of En bloc Redevelopment on Housing Prices in a Rapidly Urbanized Market,” Asian Real Estate Society (AsRES) Conference, Incheon, Korea, 8-11, July 2018
  36. Sumit Agarwal, Tien Foo Sing and Yang Yang, “Are Green Building Really “Greener”? Energy Efficiency of Green Mark Certified Buildings in Singapore”  Global Chinese Real Estate Congress (GCREC) Conference, 20-22 July, 2018, Qingdao (Tsingtao), China, 中国·山东青岛市
  37. Sumit Agarwal, Wenlan Qian, Tien Fo o Sing, Poh Lin Tan, “Child birth decisions and housing options,” Joint Economics Symposium, 2018 December 23 (Sunday), Taiwan Study Center, National Chengchi University (By Invitation).
  38. Tien Foo Sing and Long Wang, “Experience and Mispricing in Cross-Border Commercial Real Estate Investments,” ABFER 7th Annual Conference, Rasa Sentosa, Singapore, 27-30 May 2019.
  39. Sumit Agarwal, Mahanaaz Sultana, Tien Foo Sing, “Public Media Campaign and Energy Conservation: A Natural Experiment in Singapore” the 2019 Asian Real Estate Society (AsRES) Annual International conference, July 7-10, 2019, Shenzhen, China.
  40. Chia, Liu Ee and Sing, Tien Foo, “Effects of En Bloc Redevelopment on Housing Prices in a Rapidly Urbanized Market,” the 2019 Asian Real Estate Society (AsRES) Annual International conference, which will be held on July 7-10, 2019, Shenzhen, China.
  41. Leow, Yee Hau and Sing, Tien Foo, “Systematic Risks and Green Premiums for REITs,” 2019 Annual Global Chinese Real Estate Congress (GCREC) Conference, July 12-14, 2019, Hyatt on the Bund, Shanghai, China
  42. Chia, Liu Ee and Sing, Tien Foo, “Effects of En Bloc Redevelopment on Housing Prices in a Rapidly Urbanized Market,” 2019 Annual Global Chinese Real Estate Congress (GCREC) Conference, July 12-14, 2019, Hyatt on the Bund, Shanghai, China

Op Ed. / 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. Cheng, F.J., Lee, L.C., Ong, S.E., Sing, T.F. and Yu, S.M., “Switch-Use Options of “White” Sites: How to Value them?” CRESTimes, Vol. 1, No.1, January 2001, p.7.
  5. Sing, T.F., “The Mother of All Hubs: CORENET,” Property Review, February 2001 issue.
  6. 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.
  7. Sing, T.F., “Can Brick still click?” Property Review, May 2001 issue.
  8. Sing, T.F. “Ready for REITs?” Property Review, July 2001 Issue.
  9. Ooi, J., Sing, T.F. and Ong, S.E. “Lemon or Plum? REITs” Property Buyers’ Guide, the Business Times supplement, 25 October 2001.
  10. Sing, T.F., “Commentary: Facing the Uncertain Year Ahead,” Property Review, December 2001 issue.
  11. Sing, T.F., Ong, S.E. and Thang, D., “Real Estate Securitization in Asia,” CRESTimes, Vol. 2, No. 1, January 2002, p.3.
  12. Sing, T.F. and Tan, H.K.J., “Economic Factors Driving the Condominium Market in Singapore,” CRESTimes, Vol. 2, No.1, January 2002, p. 5.
  13. Lee, M.L.C., Ong, S.E., Sim, L.L. and Sing, T.F., “Supply of Competing White Sites and Its Impact on Flexibility Premiums,” CRESTimes, Vol.2, No.1, January 2002, p. 7.
  14. Sing T.F. and Low, S.H.Y. “Is Property a good hedge against inflation?” CRESTimes, Vol. 2, No. 2, July 2002, p. 5
  15. Sing T.F. and Low, S.H.Y. “Is Property a good hedge against inflation?” Property Review, August 2002 issue.
  16. Sing T.F. and Low, S.H.Y. “Is Property a good hedge against inflation?” Property Review, August 2002 issue.
  17. Sing T.F. and Ling, S.C. “The Role of REITs in a Downside Risk Asset Allocation Framework,” CRESTimes, Vol. 3, No. 2, July 2003, p. 9.
  18. Sing, T.F., Lee, K.P.J. and Wong, A.L. “Impact of Information & Communication and Broadband Technologies on Office Space: Developers’ Perspective,” CRESTimes, Vol. 3, No. 2, July 2003, pp. 12-13.
  19. Sing, T.F. and Tay, T.S.E. “Commercial Mortgage Backed Securitization (CMBS) Market in Singapore,” CRESTimes, Vol. 4, No. 2, July 2004, pp 6-7.
  20. Sing, T.F., Ooi, T.L.J., Wong,A.L. and Lum, K.K.P. Determinants for Office Space Choice: What do office occupiers look for when the advantage of “location, location and location” is missing?” CRESTimes, Vol. 5, No. 1, January 2005, p.6.
  21.  Sing, T.F., “Challenges Ahead for Singapore Real Estate Investment Trusts,” RFP Magazine, August 2005.
  22. Sing, T.F., “Investing in Singapore Real Estate Investment Trusts (SREIT), The Executive, March 2007.
  23. Sing, T.F. “Commercial Mortgage Backed Securities (CMBS) - An innovative financing option for commercial real estate” CapitaInsight, March 2007
  24. Sing, T.F. “REITs in Asia – Really Efficient Investment Track or Rapidly Ending Investment Trend?” RFP Magazine, September 2007.
  25. Agarwal, Sumit, Deng, Yongheng and Sing, Tien Foo, “The Rise and Rise of Shoebox Units,”  Op. Ed., Straits Times, 12 September 2012
  26. Sing, Tien Foo and Lim, Jian Fu Benjamin, “ “ the Edge, 14 September 2015
  27. Agarwal, Sumit and Sing, Tien Foo “The ‘Hungry Ghost Month’ Effects on Housing,” Op. Ed., Straits Times, 2 September 2015.
  28. 程天富, Sing, Tien Foo, “‘鬼节’购屋的禁忌 联合早报, 言论,5 September, 2015.
  29. Agarwal, Sumit and Sing, Tien Foo, “How School Proximity Affect Housing Prices,” Op. Ed. Straits Times, 17 December 2015.
  30. 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.
  31. 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.
  32. 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.
  33. 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.
  34. 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.
  35. Deng, Yongheng and Sing, Tien Foo, “Opportunities in an integrated ASEAN real estate Market,” Real Estate Op. Ed. The Business Times, 5 October 2016.
  36. 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.
  37. Sing, Tien Foo, “The ugly supply-side dynamics that can temper an en bloc frenzy,”  Channel News Asia (CNA) Commentary, 27 July 2017
  38. 程天富, Sing, Tien Foo, “亚洲房地产信托基金市场的崛起,” 联合早报, 新加坡财经,10 August 2017
  39. 程天富 (Sing, Tien Foo) and 谢柳依 (Chia Liu Ee), “ REIT 资产组合应分散或集中?´联合早报, 新加坡财经, 投资理财,1 October 2017.
  40. 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)
  41. 程天富 (Sing, Tien Foo), “ REIT是替代相关房地产投资的工具吗´联合早报, 新加坡财经, 投资理财,4 December, 2017.
  42. Sumit Agarwal, Chia Liu Ee, Sing Tien Foo, “Commentary: Regulating Airbnb rentals not pressing until numbers grow” [old title: “Uber, GRAB, Airbnb and the challenges of regulating the sharing economy,”] Channel News Asia (CNA) Commentary, 4 November 2017
  43. Sing Tien Foo and Chia Liu Ee, “Commentary: What happens when the en bloc musical chairs stop?” Channel News Asia (CNA) Commentary, 21 January 2018
  44. Sing Tien Foo, “Commentary: In modern Singapore, a ‘lucky’ address a way to display wealth and status,” Channel News Asia (CNA) Commentary, 16 February 2018
  45. Sing Tien Foo, “Commentary: Higher buyer’s stamp duty a wealth tax with mixed impact on property market,” Channel News Asia (CNA) Commentary, 25 March 2018
  46. Agarwal Sumit and Sing Tien Foo, “Commentary: Beyond price hikes and conservation campaigns, saving water through smart showers,” Channel News Asia (CNA) Commentary, 27 March 2018
  47. 程天富 (Sing, Tien Foo), “ 额外买方印花税料难仰制购房势头“´联合早报, 新加坡财经,财经特稿,31 March, 2018
  48. Sing Tien Foo, “What happens when HDB flats with short leases left are no longer assets?” Today, 17 May 2018.
  49. Sing Tien Foo and Amanda Tang, “Commentary: Did the government intervene too early in Singapore’s private housing market? Channel News Asia (CNA) Commentary, 22 July 2018
  50. 程天富 (Sing, Tien Foo) and 谢柳依 (Chia Liu Ee), “新一轮房地产降温措施的理性“联合早报,言论, 狮城脉搏,3 August 2018.
  51. Sing Tien Foo and Chia Liu Ee, “Commentary: A tale of one HDB flat across two generations,”  Channel News Asia (CNA) Commentary, 1 September 2018
  52. Sing Tien Foo and Amanda Tang, “Commentary: What a ‘Housing Redevelopment Board’ will do for mature estates” Channel News Asia (CNA) Commentary, 9 September 2018
  53. 程天富 (Sing, Tien Foo) and 谢柳依 (Chia Liu Ee), “政府组屋契约到期的窘境“联合早报,言论, 15 September 2018.
  54. Sing Tien Foo and Namita Dinesh, “A nightmare scenario, Ang Mo Kio emptying out in 20 years, Channel News Asia (CAN) Commentary, 23 September 2018
  55. Sing Tien Foo, “The Lease Buyback scheme can give singles more housing options” Channel News Asia (CAN) Commentary, 4 November 2018
  56. Sing Tien Foo, “The future of Singapore housing is in bigger HDB flats,” Channel News Asia (CNA) Commentary, 29 December 2018. Read more at
  57. Chia Liu Ee and Sing Tine Foo, “Behind dashed hopes of Mandarin Gardens en bloc sale, unbridled speculation and wishful thinking,” Channel News Asia (CNA) Commentary, 7 April 2019
  58. Kuan Wen-Mei Eileen and Sing Tien Foo, “A CPF key to unlocking values of older homes,” Todayonline op ed, 14 June 2019
  59. Sing Tien Foo “Did aggressive land bidding by Chinese developers push up Singapore property prices?” Channel News Asia Commentary, 11 August 2019
  60. Sing Tien Foo, “A look at HDB flat affordability after recent housing policy moves," Chal News Asia (CNA) Commentary, 6 October 2019
  61. Sing Tien Foo, “Commentary: COVID-19 will reshape the Singapore office property market outlook,” Channel News Asia (CNA) Commentary, 20 May 2020
  62. Lau Li Min and Sing Tien Foo, “Commentary: Will COVID-19 spell the end of strata malls?” Channel News Asia (CNA) Commentary, 16 August 2020
  63. 邢玮娱与程天富,“疫情下的生活消闲和工作新常态,” 联合早报,思维空间,31 August 2020
  64. 邢玮娱与程天富,“电子商务对传统实体商场的威胁” 联合早报,财经透视,18 September 2020
  65. Lee Nai Jia and Sing Tien Foo, “S'pore's worst recession in 55 years - but why does the private property market not refelect that?” Today Online, 30 September 2020.
  66. Kwok Tian Long and Sing Tien Foo, “Commentary: When Singapore homes become workspaces - huge changes in the house and beyond,” Channel News Asia (CAN) Commentary, 9 October 2020
  67. 周学锋与程天富, “危机下的私宅市场- 关关难过关关过,” 联合早报-财经透视, 12 November 2020
  68. 程天富,“智库动态:后新冠时代的城市空间反思: 以新加坡为例”, 澎湃新闻网, 18 November 2020
  69. Lau Li Min and Sing Tien Foo, “Commentary: Robinsons Shuttered for good. Does Singapore have too much retail space?” Channel News Asia (CNA) Commentary, 13 December 2020

 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)
  6.  

 


 

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)

 

Awards

  • 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. (single author)
  • 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 for the Center for the Study of Real Estate Brokerage/ Agency at Cleveland State University Award, “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” (ARES conference  (co-authored with Ho, Kim Hin / David, CHUA, Leslie Su Peng, and GLASCOCK, John L)
  • Best Paper Award, “Inter- and Intra-Generation Consumption of Housing Goods: Did my parents own a larger house? Global Chinese Real Estate Conference, Hangzhou, China, 1-4 April 2011, (with Lee, Nai Jia and Sing, Tien Foo (2011).
  • Post-doctoral honorees, the Weimer School of Advanced Studies in Real Estate and Land Economics, the Homer Hoyt Institute, 2012.
  • Best International Paper Award, Sing Tien Foo and Tan Zhuang Yao, “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.
  • Best paper award in Real Estate Finance Category, “Credit Expansion and Residential Mortgage Institutions”, S-2012-291,Liu Bo, National University of Singapore, Tien-Foo Sing, National University of Singapore Department of Real Estate, and James D. Shilling, DePaul University, American Real Estate Society (ARES) Annual Meeting, April 19-21 in St. Petersburg, FL. (Real Estate Finance, sponsored by Real Capital Analytics (RCA))
  • Invited as the one of the judge to review the best paper award for the “Real Estate Finance” category for the Annual American Real Estate Society (ARES) Meetings, April 1-5, 2014, Coronado Marriott Resort, San Diego, CA
  • Best Paper Award (third level), Agarwal, Sumit, He, Jia, Choi, Hyun Soo and Sing, Tien Foo, “Are Chinese House Buyers Superstitious? Evidence from Housing Transactions during Hungry Ghost Months in Singapore” 2015 Global Real Estate Sumit, Washington DC, July 2015
  • Best Paper Award (third level), Agarwal, Sumit, Diao, Mi, and Sing, Tien Foo, “Political Economy of Public Housing Upgrading Programme: Singapore’s Evidence” 2016 Global Chinese Real Estate Congress (GCREC) Conference, Hangzhou, China, 1-3 July 2016
  • Outstanding Referee Award 2017, Real Estate Economics
  • Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics
  • Homer Hoyt Institute Best Paper Award, Sumit Agarwal, Hyunsoo Choi, Jia he, Tien Foo Sing, “Ethnicity Matching and Ethnic Social Network in Public Housing Market in Singapore,” 23rd Asian Real Estate Society (AsRS) Conference, Sodong, Korea, 9-11 July 2018.

 Visiting Fellowships

  • 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)
  • 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.
  • Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics, (January 2018).


 
  • Head, Department of Real Estate (1 January 2020- Present)
  • Director, Institute of Real Estate and Urban Studies (IREUS) (1 July 2017 - Present)
  • Deputy Head (Administration and Finance), Department of Real Estate (1 July 2013 – 2018)
  • 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: 2021-03-28