{"id":732,"date":"2020-04-28T10:17:50","date_gmt":"2020-04-28T02:17:50","guid":{"rendered":"http:\/\/localhost:8888\/?p=732"},"modified":"2025-12-26T19:56:00","modified_gmt":"2025-12-26T11:56:00","slug":"estimating-estate-specific-price-to-rent-ratios-in-shanghai-and-shenzhen-a-bayesian-approach","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2020\/04\/28\/estimating-estate-specific-price-to-rent-ratios-in-shanghai-and-shenzhen-a-bayesian-approach\/","title":{"rendered":"Estimating Estate-Specific Price-to-Rent Ratios in Shanghai and Shenzhen: A Bayesian Approach"},"content":{"rendered":"\t\t
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Article<\/div>

Estimating Estate-Specific Price-to-Rent Ratios in Shanghai and Shenzhen: A Bayesian Approach<\/p>

Author<\/p>

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Volume<\/p>

Issue Number<\/p>

Year<\/p>

Publication<\/p><\/div>

<\/p>

Jie Chen, Shawn Ni<\/p>

208 \/ 239<\/p>

14<\/p>

2<\/p>

2011<\/p>

International Real Estate Review<\/p><\/div>

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Abstract<\/p>


The price-to-rent ratio, a common yardstick for the value of housing, is difficult to estimate when rental properties are poor substitutes of owner-occupied homes. In this study, we estimate price-to-rent ratios of residential properties in two major cities in China, where urban high-rises (estates) comprise both rental and owner-occupied units. We conduct Bayesian inference on estate-specific parameters by using information of rental units to elicit priors of the unobserved rents of units sold in the same estate. We find that the price-to-rent ratios tend to be higher for low-end properties. We discuss economic explanations for the phenomenon and the policy implications.<\/p>

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View PDF -https:\/\/doi.org\/10.53383\/100140<\/strong><\/a><\/p>

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Author<\/p>\n

Start Page \/ End Page<\/p>\n

Volume<\/p>\n

Issue Number<\/p>\n

Year<\/p>\n

Publication<\/p>\n<\/div>\n

\n<\/p>\n

Jie Chen, Shawn Ni<\/p>\n

208 \/ 239<\/p>\n

14<\/p>\n

2<\/p>\n

2011<\/p>\n

International Real Estate Review<\/p>\n<\/div>\n

Download Entire Article.\"download-pdf-large\" <\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"article-template.php","format":"standard","meta":[],"categories":[108,107],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/732"}],"collection":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/comments?post=732"}],"version-history":[{"count":3,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/732\/revisions"}],"predecessor-version":[{"id":4930,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/732\/revisions\/4930"}],"wp:attachment":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/media?parent=732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/categories?post=732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/tags?post=732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}