September 2006
Volume 2, Issue 3

Excellence in Real Estate
Education & Research


Research Highlights

 “Structural Prepayment Risk Behavior of the Underlying Mortgages for Residential Mortgage Life Insurance in a Developing Market”, by David Ho and Su Huiyong

Performance of Real Estate Mutual Funds under Changing Economic Conditions”, by Li Ying, Fiona, Lum Sau Kim and Ong Seow Eng

Industrial Real Estate Investment: Does the Contrarian Strategy Work?”, by Kwame Addae-Dapaah, James Webb, David Ho and Tan Yan Fen

"Price Discovery Between Residential Land and Housing Markets", by Joseph Ooi and
Lee Sze Teck

 

 

 

 

 

 

 

 

 

 

 

   

Editorial Team:
CHENG Fook Jam, HAN Sun Sheng, David HO, KO Chen,
ONG Seow Eng, Joseph OOI
and SING Tien Foo


Department of Real Estate
National University of Singapore
4 Architecture Drive
Singapore 117566

 

 

Latest News

Academic Programs

Bachelor of Science (Real Estate)

With effect from the Academic Year 2006/07, the Department implemented the revised BSc (Real Estate) curriculum and the direct admission of students into the BSc (Real Estate) program. The direct admission initiative for the BSc (Real Estate) program resulted in a Year 1 intake of 141 full-time and 10 part-time students.


Master of Science (Real Estate)

The MSc (Real Estate) program took 25 students on board for the 15th Intake. The new group comprises 6 full-time students and 19 part-time students. There are 11 foreign students from six countries, namely, Malaysia, Nigeria, the People’s Republic of China, the Philippines, South Korea, and the United States of America.

MBA with specialization in Real Estate

10 students have enrolled in the MBA with Specialization in Real Estate program in Academic Year 2006/07. There is a good mix of local and international students as well as diversity in their educational and professional background.  5 students are registered on a full time basis. Following a review of the course structure, full time students will now be able to complete the classroom component of the program within a year if they elect to undertake an Integrated Project in their third semester.

Distinguished Visitors

Professor David Geltner, from Massachusetts Institute of Technology (MIT), visited the Department from
17 - 21 July, 2006. During his visit, Prof Geltner gave a lunch talk, "The Expanding Real Estate Universe, Globalization and Property Derivatives". The lunch talk was sponsored by Urban Land Institute South Asia Council.

Associate Professor Yang Shiawee, from the College of Administration, Northeastern University visited the Department form 11 - 14 July 2006. During the visit, A/P Yang presented a seminar paper entitled "Conditional Expectation and the Variability of Equity REIT Returns".

Associate Professor Andrey Pavlov, from Simon Fraser University visited the Department from 3 - 17 August 2006. A/P Pavlov gave a series of lectures to our postgraduates by research. He also presented a seminar paper entitled "
Underpriced Default Spread Exacerbates Market". 

 

 

Spotlight on Alumni Series

Tran Thi Hanh Quyen and Alan Pham Quang Anh are among our pioneer
cohort of 6 Vietnamese students who recently graduated with the BSc (Real Estate) degree.

We also touch base with Johnny Adji
who graduated with a MSc (Real Estate) degree in 1999
.

Awards

Our congratulations to the DRE staff and students who were honored with 2 Best-Manuscript prizes at the recent 22nd American Real Estate Society Annual Meeting held during April 2006 in
Florida, USA:-  

The paper by Dr Kwame Addae-Dapaah, Prof James Webb, A/P David Ho and Ms Tan Yan Fen on “Industrial Real Estate Investment: Does the Contrarian Strategy Work?” won the best manuscript prize in the “Industrial” category.

Conferred the best-manuscript prize in
the “Valuation” category, the paper by
A/P Joseph Ooi and Mr Lee Sze Teck on “Price Discovery between Residential
Land and Housing Markets”
examines
the relationship between residential land and house prices.

Executive Programs

The Department ran a customized training program on Real Estate for Singapore
Land Authority in Aug-Sep 2006.

Come Oct-Nov 06, the Department will
be conducting a training program for the Singapore’s Ministry of Foreign Affairs
and the Korean International Cooperation Agency (KOICA). Focusing on planning
and management issues, the 10-day course will introduce participants from developing countries to the Singapore experience in urban and regional development.

Upcoming NUS Event

The National University of Singapore
brings you another first. Come October 2006, NUS partners the Nobel Museum to bring you the world-renowned ‘Cultures
of Creativity – the Centennial Exhibition
of the Nobel Prize’.

Getting Connected

The NUS Real Estate e-newsletter is a
new initiative of the NUS Department of Real Estate to connect industry professionals, alumni and students with
the latest research and programs in real estate.

 

 

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