Updated: 3 November 2018 Dr Sing Tien Foo Ph.D., M.Phil (Land Economy) Cambridge B.Sc. (Estate Management) (Hons.) NUS Dip. (Building Management) NP

Transcription

1 Updated: 3 November 2018 Dr Sing Tien Foo Ph.D., M.Phil (Land Economy) Cambridge B.Sc. (Estate Management) (Hons.) NUS Dip. (Building Management) NP Director, Institute of Real Estate and Urban Studies Dean s Chair Associate Professor Department of Real Estate, School of Design & Environment National University of Singapore 4 Architecture Drive Singapore Room AR Tel: Fax: rststf@nus.edu.sg International Refereed Papers: 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 (Premier) 2. Sing, T.F. and Ong, S.E. (2000), Asset Allocation in A Downside Risk Framework, Journal of Real Estate Portfolio Management, Vol.6, No.3, pp (Leading) 3. Ong, S.E., Ooi, J. and Sing, T.F. (2000), Asset Securitization in Singapore: A Tale of Three Vehicles, Real Estate Finance, Vol. 17, No.2, pp (Reputable) 4. Sing, T.F. and Patel, K. (2001), Evidence of Irreversibility in the UK Property Market, The Quarterly Review of Economics and Finance, Vol. 41, No.3, pp (revised on 14 December 1999). (Leading? - FBA) 5. Sing, T.F. (2001) Optimal Timing of Development under Uncertainty, Journal of Property Investment & Finance, Vol. 19, No.1, pp (accepted & forthcoming 16 October 2000). (Leading) 6. Sing, T.F. and Low, S.H.Y. (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 (Leading) 7. Sing, T.F. (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 (submitted / to be revised International Real Estate Review) (resubmitted on 5 May 2000). (revised & resubmitted 5 March 2001). (Reputable) 8. Sing, T.F. and Patel, K. (2001) Effects of Portfolio Diversification on Property Investment Company Stock Prices; , (accepted on 28 April 2001) (resubmitted 13 March 2000), Journal of Property Investment & Finance, Vol. 19, No. 4, pp (Revised & resubmitted on 24 October 2000). (Leading) 9. Sing, T.F. and Zhong, Q. (2001) Construction & Real Estate Network (CORENET), Facilities, Vol. 19, No. 11/12, pp (accepted June 2001) (submitted 14 March 2001). (Others)

2 10. Sing, T.F. and Patel, K. (2001) Empirical Evaluation of the Value of Waiting to Invest, Journal of Property Investment & Finance. Vol. 19, No. 5. pp (Leading) (accepted on 28 April 2001), (re-submitted on 17 April 2000). (Leading) 11. Sing, T.F. and Ho, K.H.D and Tay, P.H. (2002) A Fuzzy Discounted Cash Flow Analysis for Real Estate Investment, in Wang, K 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 Ong, S.E. and Sing, T.F. (2002) Price Discovery between Private and Public Housing Markets, Urban Studies, Vol. 39 No. 1, pp (Premier) 13. Sing, T.F., (2002) Time to Build Options in Construction Process, Construction Management and Economics, Vol. 20, No.2, pp (submitted on 9 March 2001). (Resubmitted on 26 August 2001). (accepted 24 September 2001). (Premier) 14. Sing, T.F. (2002) Irreversibility and Uncertainty in Property Investment, Journal of Financial Management of Property and Construction, Vol.7, No.1, pp (on 17 August 2001) (Accepted by JFMPC on 23 Jan 2002). (reputable) (re-submitted on 5 June 2000), Urban Studies. (Resubmitted to Quarterly Review of Economics and Finance on 15 November 2000) (rejected by QREF). 15. Sing, T.F., (2002) Valuing Renewal Options In Public Industrial Leases In Singapore, Special Issue of the World Valuation Congress, Journal of Property Investment & Finance, Vol. 22, No. 3, pp (Accepted 14 August 2001). (Revised on 3 Sept 2001). (Leading) 16. Sing, T.F. (2001), Dynamics of Condominium Market in Singapore, International Real Estate Review, Vol. 4, No. 1, pp (revised & accepted 17 April 2002) (10 January (to be revised) (Reputable). 17. Sing, T.F., Liow, K.H. 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 (accepted 30 March 2002) (submitted 2 July 2001) (rejected 17 August 2001) (Resubmit to JPIF 24 August 2001) (revision and resubmitted) (Leading). 18. Sing, T.F., Yu, S.M. and Ong, S.E. (2002) White Site Valuation: A Real Option Approach, Pacific Rim Property Research Journal, Vol. 8, No. 2, pp (accepted 14 May 2002) (Reputable). (submitted 15 August 2000), Journal of Real Estate Finance & Economics. (rejected). 19. Sing, T.F., Ho, K.H.D. and Mak, M.F.E. (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 (10 July 2002) (accepted 4 October 2002). (Leading) 20. Sing, T.F., Lee, K.P.J. and Wong, A.L. (2002) Network Effects and Broadband Connectivity in Office Building, International Real Estate Review, Vol. 5, No. 1, pp (accepted 7 Oct 2003). 21. Sing, T. F. (2003) Dynamics of Private Industrial Space Demand in Singapore, Journal of Real Estate Research, Vol. 25, No. 3, pp (accepted 12 July 2001), (submitted 19 April 2001). (revision back on 13 June 2001). (Premier)

3 22. Ong, S.E., Cheng, F.J., Boon, B. and Sing,T.F., (2003) Oligopolistic Bidding and Pricing in Residential Property Development, Journal of Property Investment & Finance, Vol 21 No. 2, pp (accepted 23 June 2002). (Leading) Housing Studies (submitted 25 September 2000). 23. Sing, T.F. and Sng, S.B.S. (2003) Conditional Variance Tests of Integration Between Direct and Indirect Real Estate Markets, Journal of Property Investment & Finance, Vol. 21, No. 4, pp (resubmitted to Journal of Property Investment & Finance on 14 February 2003). Accepted by JPIF (29 March 2003). (submitted on 8 May 2000), Real Estate Economics Journal. (under revision). 24. 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 (accepted on 25 September 2002). (submitted on August 22, 2001) (revised & resubmitted 26 August 2002). Valuing Asset Securitization Transactions, (submitted on 6 May 2000), Journal of Real Estate Research. (Revised and resubmitted on 11 June 2001 with new title. (rejected 8 August by JRER). 25. Sing, T.F. and Ling, S.C. (2003) The Role of Singapore REITs in A Downside Risk Asset Allocation Framework, Journal of Real Estate Portfolio Management, Vol. 9, No. 3, pp (submitted by on 5 August (accepted 26 Nov 2003). 26. Sing, T.F. and Ong, S.E. (2004), Residential Mortgage Backed Securitization in Asia: The Singapore Experience, Journal of Real Estate Literature, Vol. 12, No. 2, pp Sing, T.F. and Tang, W.L. (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 (submitted on 26 June 2002) (accepted 5 May 2003). 28. Sing, T.F., Ong, S.E., Fan G.Z. and Sirmans, C.F. (2004), Analysis of Credit Risks in Asset-Backed Securitization Transactions in Singapore, Special issue for Maastricht-Cambridge Symposium 2002, Journal of Real Estate Finance & Economics,Vol. 28, No. 2/3, pp (August 2002) (revised and resubmitted February 4, 2003) (accepted 6 May 2003). 29. Chu, Y.Q. and Sing, T.F. (2004) Inflation Hedging Characteristics of Chinese Real Estate Market, Journal of Real Estate Portfolio Management, Vol. 10, No. 2, pp (accepted 3 March 2004) (submitted by on 20 August 2003). 30. Sing, T.F. and Lim, C.W.J., (2004) Value of Collective Effort: Redevelopment Timing Options of Enbloc Sale Sites in Singapore, Pacific Rim Property Research Journal, Vol. 10, No. 2, pp (submitted on 2 May 2000), Urban Studies (Rejected 27/09/2000). (Resubmitted to Journal of Real Estate Portfolio Management, 5/10/ Rejected). (Resubmitted to Property Management April 17, 2001) (Revised and resent 26/07/2002) (not reviewed by Land Economics, 25 September 2003) (submitted to, 16 October 2003) (revised and resubmitted 28 April 2004) (Accepted) 31. Gang-Zhi Fan, Tien Foo Sing, Seow Eng Ong and C.F. Sirmans, (2004) Governance and Optimal Financing for Asset-Backed Securitization, Journal of Property

4 Investment & Finance, Vol. 22, No. 5, pp (accepted 8 March 2004) submitted 13 February Brown, G. and Sing, T.F. (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 (14 February 2002). (Revised and resubmitted on 14 February 2003). (Accepted 14 September 2003). submitted to Journal of Real Estate Research, 16 October (revised). 33. Sing, T.F., Ong, S.E. and Ng K.H. (2004) Commercial Mortgage Backed Securitization in Singapore: The Challenges Ahead, Real Estate Finance, Vol. 21, No. 3, pp (submitted on 7 July 2004) (Accepted) 34. 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, pp (Real Estate Economics Journal, submitted by 1 April 2002). (rejected) (resubmitted to Journal of Property Research, 17 September 2002) (revised and resubmitted 19 May 2004) (second revision submitted 23 September 2004). (accepted 16 December 2004). 35. 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 (old title: Land Use Decision and Property Supply for Competing White Site: A Game-Theoretic Evaluation, (submitted to Environment & Planning A - rejected). (revised and submitted to J. Property Research). 36. Patel, Kanak, Paxson, Dean and Sing, T.F., Practical Uses of Real Property Options, RICS Foundation Research Paper Series 2004, Vol.5, 64, 37. Sing, T.F., Ong, S.E., Fan G.Z. and Lim, K.G. (2005) Pricing Credit Risk of Asset- Backed Securitization Bonds in Singapore, International Journal of Theoretical and Applied Finance, Vol. 8, No. 3, pp (revised & resubmitted 27 April 2004). (third revision resubmitted on 16 June 2004). (accepted on 25 August 2004). 38. Fan, G.Z., Ong, S.E. and Sing, T.F. (2006), 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, Vol. 32, pg Sing, T.F., (2005) Impact of Information and Communications Technology (ICT) on Real Estate Space: Perspective of Office Occupiers, A special issue on Technology and Real Estate, Journal of Property Investment and Finance, Vol. 23, No. 6, pp (submitted on 22 May 2005). 40. Lai, N.R., Ong, S.E. and Sing, T.F., (2005-accepted) Values of Mortgages with Top- Up Payment Options, International Journal of Theoretical and Applied Finance, Vol.9, No. 5, pp (submitted 25 August 2004). 41. Sing, T.F., Ooi, T.L.J., Wong, A.L. and Lum, K.K.P. (2006) Network Connectivity and Office Occupiers' Space Decision: The Case of Suntec City, Journal of Property Investment & Finance, Vol. 24, No. 4, pp (accepted by JPIF on 1 Oct 2005) (resubmitted to JPIF, 22 May 2005) Influence of Occupiers' Characteristics in Office Space Decision, Urban Studies, submitted 17 November 2004.

5 42. Ho, K.H.D., Ong, S.E. and Sing, T.F. (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 (accepted). 43. Chen, M.C. and Sing, T.F., (2006) Common Structural Time Series Components in Inflation and Residential Property Prices, Journal of Real Estate Portfolio Management, Vol. 12, No. 1, pp (accepted 3 Jan 2006). revised & resubmitted 10 April 2005). Inflation-Hedging Characteristics of Residential Property Prices: A Comparative Analysis between UK and Asian Markets, (submitted on 19 June 2000), Journal of Housing Economics. (withdrawn on 6 August 2001), resubmitted to Regional Science & Urban Economics Journal (Submitted 6 August 2001 rejected 29 Jan 2002) (Resubmitted to Urban Studies -29 Jan 2002). (Resubmitted to Journal of Property Research, 18 September rejected). Submitted to the Journal of International Money and Finance, 29 October Ooi, T.L.J., Newell, G. and Sing, T.F. (2006), The Growth of REIT Markets in Asia, Journal of Real Estate Literature, Vol. 14, No. 2, pp Sing, T.F., Tsai, I. and Chen, M.C. (2007), Price Dynamics in Public and Private Housing Markets in Singapore Journal of Housing Economics, Vol. 15, No. 4, pp (resubmitted to Journal of Housing Economics, 16 September 2004) (revised and resubmitted 12 Aug 2006). 46. 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 3 rd NUS-HKU symposium on real estate research, July 2005, Singapore, Vol. 34, No. 3, pp (revised and resubmitted 18 August 2006). 47. 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 Sing, T.F., Deng, L.T. and Wang, H., (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 (submitted on 11November 2006, accepted 2 April 2007). Tests of Common Real Estate Risk Premia in a Time-Varying Expected Return Framework Journal of Property Investment & Finance (11 Nov 2006). A Common Real Estate Risk Premium in Time-Varying Returns of Real Estate and Financial Assets, Real Estate Economics, (submitted on 8 July 2004) (Rejected) 49. Sing, T.F. and Sirmans, C.F. (2008) Does Real Estate Ownership Matter in Corporate Governance? Journal of Property Research (accepted), Vol. 25, No. 1, pp. Vol. 25, No. 1, pp 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 (accepted). 51. 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 ).

6 52. Syahzan, S.K. and Sing, T.F. (2011), Alignment of interests with insiders and REIT sponsors: Evidence of emerging REIT markets in Asia Journal of Real Estate Portfolio Management, (forthcoming), Vol. 17, No. 2, pp (accepted resubmitted to JREPM 13 April 2011) (to be review and resubmitted) 23 November 2009 (resubmitted to JREFE in Oct 2010) (rejected by JREFE) 53. 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), September (resubmission required) resubmitted on 24 December 2010 (accepted) 54. 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 , (accepted 1 July 2011) 7 October (reviewed) 55. Tsai, I-Chun, Sing, Tien Foo, Chen, Ming-Chi, Ma, Tai, (2012), The Structure of REIT beta, Applied Financial Economics, Vol. 22(10), pp Sing, T.F., (2012) A Real Option Approach to Pricing Retail Leases with Overage Clauses Pacific Rim Property Research Journal, Vol. 18(3), (submitted to RICS-UniSA symposium). (February 2012) Valuing Default Risks in Percentage Leases in an Option Pricing Framework, Journal of Real Estate Research (submitted 27 April 2004). (under review) (aborted) 57. Lee, N.J., Sing, T.F. and Tran, Dinh Hoang, (2013) REIT Share Price and NAV Deviation: Noise or Information? Accepted by International Real Estate Review, Vol. 16, No. 1, pp (30 April 2012). Journal of Real Estate Finance and Economics, 16 November 2010 (rejected) Journal of Real Estate Research (submitted on 9 Feb 2012 and review) 58. Chu, F.N., Chang, J.O. and Sing, T.F. (2013), Collective action dilemma in condominium management, Urban Studies, Vol. 50(1), pp September (to be revised and resubmitted on 6 June 2011) Direct management and thirdparty managers in condominium management, Real Estate Economics, 26 July 2010 (rejected). 59. Liu, Bo and Sing, Tien Foo, (2013) Unobservable Risk in Mortgage Contract Choice Real Estate Economics, Vol 41(4), pp (accepted 8June 2012) (review December 2011 and resubmitted in March 2012) Sing, T.F. and Liu, B., Unobservable risk in mortgage contract selection and ex-post default (submitted to Real Estate Economics, #1832, 30 July Signals from Self-Selection of Mortgage Contracts: Do mortgagors choose mortgage contracts to minimize default risks? submitted to Journal of Financial and Quantitative Analysis (US$220) 2January 2011 (US$550/ US$100) (31 December 2010). (rejected) 60. 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 March 2012 (review) 61. Tsai, I-Chun, Sing, T.F. 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 accepted 17 Oct Sing, T.F. and Loh K.W. (2014) Predictability of Shariah-Compliant Stock and Real Estate Investments International Real Estate Review, Vol. 17(1), pp

7 (submitted and accepted 29 July 2012). Journal of Real Estate Research (submitted on 30 April 2012) Journal of Real Estate Research, Journal of Banking & Finance, 28 December 2011 (review) (rejected) 63. 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 Dong, Zhi and Sing, Tien Foo, (2014) Developer Heterogeneity and Competitive Land Bidding A Special Issues for APRU Symposium, Journal of Real Estate Finance and Economics, Vol. 48(3), pp 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 (completed Jan 20, 2013 and submitted to) (review and resubmit) 66. Chen, Ming-Chi, Tsai, Hsiu-Jun, Sing, Tien Foo, and Yang, Chih-Yan (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 (rejected by Real Estate Economics (18 July 2012). (rejected by Journal of International Money and Finance (JIMF) April Rejected by Journal of Real Estate Finance and Economics, 21 May Lee, N.J., Sing, T.F. and Tsai, I-Chun (2015), Housing Supply and Housing Mobility: An Examination of Supply Side Strategies in Hot Market, submitted to Journal of Real Estate (Chinese), Vol. 2 No. 1, pp GCREC (accepted 19 Nov 2014) (review and resubmit on 17 November 2014) GCREC symposium and special issue of International Real Estate Review. Journal of Urban Economics, 10 November (rejected) (to be resubmitted to reviewed) 李乃佳程天富蔡怡纯, 房市供给在热市的效果. 不动产研究 (2015 年 ) ( 第 2 卷 ), 第 1 期, 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 (accepted 4 August 2015) (resubmitted 16 July 2015) (submitted 7 March 2015). 69. Sumit Agarwal, Kang Mo Koo and Tien Foo Sing, (2015) Impact of Electronic Road Pricing (ERP) Charges on Real Estate Prices in Singapore, Journal of Urban Economics, Vol. 90, pp (accepted 23 September 2015) (resubmitted on 22 September 2015) (9 Nov 2014) (resubmitted) (2 May 2014). (Review and Resubmission- 22July2014). 70. 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 (Accepted 31 December 2014) (R&R 24 December 2014) 71. Zhao, Daxuan and Sing, Tien Foo (2016) Corporate Real Estate Ownership and Productivity Uncertainty Real Estate Economics, Vol. 44, No. 2, pp (accepted 27 February 2015)(18 July 2012, resubmitted on 14 May2013, revised and resubmitted on 18 June 2014) Journal of Corporate Finance (submitted) 16 March Why do firms own rather than lease corporate real estate? Journal of Finance, (#9359) 7 June 2011 (rejected).

8 72. 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 (accepted on (6 March 2015) resubmitted on 26 December 2014), ([Old title: Changing Characteristics of Betas: Are EREITs Glamorous Stocks? submitted on 15 March 2013) (REAL-S ). (review and resubmit) (Submitted and rejected in January Real Estate Research Symposium, Tsinghua University, June 2012). Changing Characteristics of Equity REIT betas, Journal of financial market, (rejected June 2011 and resubmitted on 7 May 2011). Journal of Real Estate Finance and Economics (rejected), 24 June Resubmitted to Journal of Empirical Finance, 12 October 2010 (rejected). 73. 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, Vol. 106 No. 5, pp May 2016 (accepted). 74. 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 (submitted 14September 2015, accepted on 7 August 2015, submitted to Real Estate Economics (28 July 2015) (2 April 2015) Journal of Regional Science (rejected, 2 March 2015) (Journal of Urban Economics, rejected on 2 March 2015, submitted on 23 February 2015). 75. Lin, Pei-Syuan, Chang, Chin-Oh, Sing, Tien Foo, (2016) Do Housing Options Affect Child Birth Decisions? Evidence from Taiwan Urban Studies, Vol. 53(16) (accepted on 6 October 2015) ( Housing Links in Barro-Becker Model of Fertility: Evidence from Taiwan, (old title) (resubmitted on 19 July 2015; 26 March 2015) (26 July 2013) Journal of Population Economics (rejected 9 July 2013) Journal of Urban Economics, (rejected/submitted on 3 July 2013). 76. 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, Submitted to Regional Science and Urban Economics, Vol. 58, pp (24 October 2015). Journal of Urban Economics (1 February 2014) (rejected on 24 June 2014). 77. 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 (accepted on 5 December 2015) (resubmitted on 28 September 2015) (RR 8 August 2015) (resubmitted 24 April 2015) (old title: Which has a dominate effect on the Real Estate Investment Trust Market? Stock Market or Real Estate Market ) Journal of Real Estate Finance and Economics. (revise and resubmit, January 2013) 78. 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 (Accepted on 21 January 2016) (Submitted R&R3 resubmitted on 23Nov2015; R&R2 resubmitted on 10 May 2015) (R&R returned on 25 April 2015) (resubmitted on 20 Feb 2015) (13 Jan 2014) Submitted to Journal of Environmental Economics and Management (rejected on 10 Jan 2014). Submitted on 24 December 2013) (JEEM-D ). (desk rejected by Journal of Urban Economics (23 December 2013) (YJUEC-D )).

9 79. 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 (accepted on 10 August 2016) (resubmitted 23 May 2016) (resubmitted 29October 2015) (resubmitted on (10 February 2015) (submitted by Daxuan on 13 October Sumit Agarwal, Jian Zhang, Tien Foo Sing and Jia He, Gender Gap in Personal Bankruptcy Risks: Empirical Evidence from Singapore Review of Finance (Accepted on 5 September 2016) (resubmitted on 28 August 2016) (resubmitted on 10June 2016) (RR 23 May2016) (resubmission on 16 April 2016) (29 July 2015) (MS 3874) (revise and resubmit). Journal of Money, Credit and Banking (rejected) (23 September 2014) (# ) Journal of Financial and Quantitative Analysis (rejected, September 4, 2014); Gender and Household Financial Decision: Evidence from Personal Bankruptcy, submitted to Journal of Law and Economics (rejected 6 November2013). 81. 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 (accepted 23 October 2016) submitted on 18 October 2016) (conditional acceptance 10 October 2016) (submitted on 29 September 2016) (RR 17 August 2016) (submitted on 19 April 2016), The Economic Journal (rejected on 18April 2016) (submitted on 4 April 2016). Journal of Urban Economics (rejected/submitted on 17 December 2015) Review of Environmental Economics and Policy (Rejected on 8 December 2015; submitted unsolicited proposal 9 December 2015/ 23 November 2015) American Economic Journal: Economic Policy (rejected 12Nov2015) (submitted on 24 October 2015). Journal of European Economic Association (MS# 6453 submitted 30 July 2015 rejected) Journal of Environmental Economics and Management (rejected 24 April 2015 and submitted 20 January 2015). Journal of Public Economics (rejected submitted on 22 November 2014). 82. Liu, Bo and Sing, Tien Foo, Cure Effects and Mortgage Default: A Split Population Survival Time Models [Old title: Predicting Mortgage Default Using Split Population Survival Time Models ] (accepted 7 December 2016) (resubmitted on 30 November 2016) submitted to Journal of Real Estate Finance and Economics (submitted on 9 December 2015) "On identifying the double edged sword characteristics in Mortgage Default Behavior" Real Estate Economics (22 July 2015) (Rejected) (REE-Jul ). Analyzing Mortgage Default Behavior with Split Population Survival Time Models. Journal of Financial Econometrics (rejected) (submitted 2 Nov 2014 by LiuBo). Journal of Econometrics, submitted (rejected 30 Jan 2014) (5 August 2013) 83. 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 Accepted on 7 Feb 2017, (resubmitted 3 February 2017) 84. Dong, Zhi and Sing, Tien Foo, (Forthcoming) Developers heterogeneity and real estate development timing options, Journal of Property Investment and Finance, accepted on 22 April 2017 (submitted 25 July 2016). 85. 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 (#RSUE_2017_153) (accepted on 1 September 2017) (conditional acceptance 28 July 2017). (submitted on 25 May 2017) Old tile: Estimating the impact of urban

10 rail transit network expansion on residential property values: A local-polynomialregression approach Transportation Research Part A: Policy and Practice (submitted on 19 May 2016) 86. Zhao, Daxuan, Wang, Yonglin and Sing, Tien Foo (forthcoming), Impact Of Foreclosure Laws On Mortgage Loan Supply And Performance, Journal of Real Estate Finance and Economics (Accepted on 7 September 2017; resubmitted on 14 August 2017) (submitted.11 September 2016) 87. 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, Journal of Financial Economics, (accepted 20 March 2018) 12 September 2017) (rejected Economic Journal 1 September 2017 /AEJ: Microeconomcs / AEJ: Applied) (rejected 25 June 2017) Journal of the European Economic Association (submitted on 29 March 2017) Journal of Public Economics (rejected) (submitted on 22 February 2017). Review of Economics and Statistics (submitted on 26 January 2016) (submitted and desk rejected on 21 January 2016 American Economic Review) Review of Economic Studies (rejected submitted on 9 July 2015) (Coeditor Stephane Bonhomme) (rejected) 88. Liu Bo, Shilling, James D. and Sing, Tien Foo, Large Banks and Efficient Banks: How do They Influence Credit Supply and Default Risk? Journal of Financial Services Research (accepted on 7 May 2018) (Resubmitted on 31 December 2017: JFSR-D R1, Payment: ) (The submission ID is: JFSR- D on 28 July 2017) (Payment: ). Journal of Banking & Finance (Rejected on 22 July 2017; Submitted on 25 May 2017) Real Estate Economics (Rejected February 2016) (Submitted on 9 December 2015) MSS# Journal of Money, Credit and Banking (18 May 2015) (Rejected) [old title: Banking Market Structure, Credit Supply and Default Risks, ], (rejected on 16 May 2015) Journal of Financial Intermediation, (resubmitted on 1 March 2015, on 27 December 2014); 6 November (R&R on 23 December 2013) (resubmitted on 8 July 2014) 89. Sumit Agarwal, Hyun Soo Choi, Jia He and Tien Foo Sing, Matching in Housing Markets: The Role of Ethnic Social Networks Review of Financial Studies (accepted on 4 July 2018) (submitted on 3 May 2017) 90. Jia He, Haoming Liu, Tien-Foo Sing, Chang-Cheng Song and Wei-Kang Wong, Superstition and Asset Markets: Evidence from Singapore Housing, Resubmitted to Management Science (MS-FIN ) (submitted on 12 February 2018) (MS ) (weak RR on 10 September 2016) (on 18 April 2016) Submitted to Management Science (MS ) (rejected on 15May2015) (resubmitted on 20 January 2015) (30July 2014). Submitted to American Economic Journal: Applied Economics (23 June 2014). Review of Financial Studies (RFS) (2 May 2014) (rejected). 91. Edward N. Coulson, Zhi Dong and Tien Foo Sing, Estimating Supply Functions for Residential Real Estate Attributes (old Title: Estimating Hedonic Cost Functions: Case of Singapore s Private Residential Property Markets, ) (Accepted on 2 November 2018) (revise and resubmit) submitted to Real Estate Economics (REE-Aug ) 7 August Revise and Resubmit

11 1. Shilling, J.D. and Sing, T.F. (2014) How Real Estate Investors Form Expectations Revisited The puzzling behavior of commercial real estate and REIT investors, (RR 20 April 2016) (Submitted to Journal of Real Estate Research, 23 February 2016). (Rejected by JREFE on 16 January 2016) Submitted to special issue for the FSU-UF Symposium on Critical Issues in Real Estate, Journal of Real Estate Finance and Economics, (resubmitted on 7 September 2015) (resubmitted on 3 June 2015) (21 June 2014). Shilling, J.D. and Sing, T.F. (2010) The puzzling behavior of commercial real estate prices, Resubmitted to Journal of Real Estate Finance and Economics (27 June 2011) (rejected). Resubmitted and rejected to Real Estate Economics, 15 Jan 2011(MS#1730) Review of Financial Studies, 12 August 2010 (rejected). Papers under review: 1. Zhao Daxuan and Sing Tien Foo Housing, Wealth Composition and Expected Stock Returns (rejected and submitted to Financial Management (on 4 July 2018) (rejected Journal of Real Estate Finance and Economics, 4 June 2018). 2. Sumit Agarwal, Mi Diao, Jussi Keppo, Tien Foo Sing, Public Transit Riders Preferences: Evidence from Smart Card Transactions in Singapore Journal of Public Economics (submitted on 3 October 2018) Operation Research (submitted on 1 June 2018 by Sumit) (rejected on 11 December 2017, Manufacturing & Service Operations Management (M&SOM) Sumit Agarwal, Mi Diao, Jussi Keppo, Tien Foo Sing, Public Transit Riders Preferences: Evidence from Smart Card Transactions in Singapore, 1 June Chiang, Ming-Chu, Sing, Tien Foo, Wang, Long Interactions of Housing Market and Stock Market in the US A Markov Switching Approach Submitted to Journal of Real Estate Finance and Economics (rejected on 31 May 2018 submitted to Real Estate Economics (on 24 April 2018) 4. Sumit Agarwal, Tien Foo Sing, Long Wang, Information Asymmetries and Learning in Commercial Real Estate Markets, (Review of Finance) (submitted on 26 July 2018) (submitted to Journal of Urban Economics, 28 April 2018 rejected on 20 June 2018;) (rejected on 27 April 2018 submitted on 18 April 2018, International Economic Review, #6770) Information Immobility and Learning in Commercial Real Estate Markets, (submitted to Journal of International Economics, 25 November 2017) (rejected on 27 October 2017, by Journal of Financial and Quantitative Analysis, 6 September Sumit Agarwal, Tien Foo Sing, Changcheng Song, Jian Zhang, Workplace Flexibility and Entrepreneurship, (rejected) American Economic Review Insight, 12 March Sumit Agarwal, Tien Foo Sing, Yang Yang, Impact of Transboundary Haze Pollution on Household Utilities Consumption submitted Energy Economics (on 8 October 2018) Journal of Environmental Economics and Management (rejected on 2 October 2018) (4 July 2018) (rejected. submitted on 6 April 2018 to Journal of Public Economics) [Old title: Risk-Avoidance and Environmental Hazard: Effects of Transboundary Haze Pollution in Singapore ] (rejected on 5 December 2017; submitted on 6 September 2017 Review of Economics and Statistics (MS 20642) (reserve list: Journal of Public Economics) American Economic Journal: Economic Policy, (Rejected on 20 May 2017; submitted by Sumit in April 2017)

12 7. Agarwal, Sumit, Diao, Mi, Pan, Jessica and Sing, Tien Foo, Reference-Dependence in Labor Market: Are Singaporean Cabdrivers Target Earners? submitted on rejected on 24 September 2018) 18 April 2018 to European Economic Review) (rejected on 11 April 2018 by Journal of Human Resources (on 6 April 2018) [old title: Reference-Dependence in Labor Market: Evidence from Singaporean Cabdrivers (Journal of Urban Economics (rejected on 27 February 2018) (26 January 2018) [old title: Are Singaporean Cabdrivers Target Earners? Submitted to Journal of Economic Behavior and Organization (rejected 12 June 2016) (submitted on 4 April 2016) Economic Journal, (Rejected 14 March 2016) Journal of Business & Economic Statistics (rejected on 9 March2016) (3March 2016) (Journal of Labour Economics rejected 29 February 2016) (American Economic Journal Economic Policy (rejected on 23Feb2016) (19 February 2016). American Economic Journal - Microeconomics (Rejected. Submitted on 1 February 2016). Journal of European Economic Association (rejected on 14 December 2015/ submitted on 13 September 2015). Management Science (to be submitted by Jessica) (rejected on 2 July 2015) (Submitted to Review of Economics and Statistics (2 May 2015) (rejected 24 April 2015) (submitted to Quarterly Journal of Economics MS23937, 27 March 2015) Labor Supply Decisions of Singaporean Cab Drivers, (rejected by the American Economic Journals Applied Economics, (AEJApp , 13 September 2014); the American Economic Review (AER) on November 22, 2013 (rejected). 8. Diao, Mi, Fan, Yi and Sing, Tien Foo, Investment Demand Restrictions in Singapore s Housing Markets [Old title: Concurrent Ownership Restrictions in Singapore s Housing Markets, ] (rejected on 30 October 2018) (Submitted to Housing Studies on 20 August 2018) (rejected submitted to Urban Studies) (6 April 2018) (rejected on 25 March 2018, Journal of Housing Economics) (revised and resubmitted on 27 September Ref: JHEC_2016_160_R2) (revised and resubmitted on 12 June 2017) (Submitted on 11 September 2016) (Ref: JHEC_2016_160) 9. Kiat Ying Seah, James D. Shilling, Tien Foo Sing and Long Wang, REITarization Effects on Global Real Estate Investments, Transferred to Journal of International Financial Markets, Institutions & Money (21 August 2018) (Pacific-Basin Finance Journal (reject ad resubmit) (submitted on 28 November 2017) (to try Journal of International Money and Finance;) (rejected 27 June 2017) Real Estate Economics Special Issue dedicated to REITs and Real Estate Investment (submitted on 31 March 2017), (rejected by REE on 2 August 2016); Journal of Financial Markets, (rejected) (submitted on 15 July 2016). 10. Working Papers: 1. Cheng, Hao, and Lim, Kian Guan, Sing, Tien Foo, and Wang Long, Industry Structure and Stock Price Synchronicity, to submit to International Journal of Money and Finance) Review of Finance (rejected) (assigned to Amit Goyal on 25 Feb 2018), (8 Feb2018) Journal of Finance (rejected Submitted on 28 June 2017) European Financial Management (on 24 October 2015). Journal of Financial and Quantitative Analysis (JFQA) (JFQA ) (rejected) (submitted on 1 September 2015) Journal of Financial Economics (rejected 30Jan2015) (submitted on 24 December 2014).

13 2. Sumit Agarwal, Wenlan Qian, Tien Foo Sing and Poh Lin Tan, Dragon Babies (submitted to American Economic Review on 17 November 2017) [Old Title: Dragon Babies: Fortunes of Birth and Life Outcomes. ] (rejected on 19 October 2017, Quarterly Journal of Economics (Ref: 20278) (16 September 2017) 3. Agarwal, Sumit, Tien Foo, Sing and Yang, Yang, Are Green Building Really Greener? Energy Efficiency of Green Mark Certified Buildings in Singapore (Sumit to Journal of Environmental Economics and Management JEEM (JEEM_2017_767) on 31 December 2017) (Rejected on 31 December 2017; submitted to Review of Environmental Economics and Policy (REEP ) 12 December Tien Foo Sing and Long Wang, Corruption and Home Bias in Global Real Estate Investments, American Economic Journal: Macroeconomics, (Rejected 11December 2017, submitted on 28 July 2017) (Your manuscript ID is AEJMacro ) 5. Sumit Agarwal, Lorenz Goette, Tien Foo Sing, Thorsten Staake, Verena Tiefenbeck, Davin Wang, Reducing Shower water Consumption with real Time Feedback, 6. Sumit Agarwal, Tomasz Piskorski, Amit Seru, Tien Foo Sing and Jian Zhang, Information leakage and insider trading in the housing market. 7. Lim, Kian Guan and Sing, Tien Foo, Leverage Strategies of REITs and Real Estate Operating Companies, Journal of Corporate Finance, (rejected on 19 December 2015) (submitted 23September 2015) Financial Management, (rejected 22 September 2015) (submitted on 15 September 2015), Leverage Strategies of Asian REITs and Real Estate Operating Companies (REOCs), (rejected 3 Nov 2013) submitted to Journal of Real Estate Finance and Economics, (submitted on 26 July 2013) 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. Chen, Zhen, Seah, Kiat Ying, Sing, Tien Foo and Wang, Long, Spillovers of Non- Fundamental Risks in Securitized Real Estate Companies [old title; Spillovers of Non-Fundamental Risks in Securitized Real Estate Companies: The Tales of Two Markets, ] (to try Journal of Financial Services Research and Pacific-Basin Finance Journal) Journal of Real Estate Finance and Economics, (rejected 21 June 2017) (revised and resubmitted on 4 May 2017) 10 August 2016 (Submitted on 19 April 2016). (REAL-D ) 10. Fan, G.Z., Pu M., Sing, T.F. and Zhang Xiaoyu, Risk-Aversion and Urban Land Development Options Journal of Regional Science (rejected August 2013) (JORS submitted 24 Feb 2013) Review of Economic Studies (MS 17725) (#9120 rejected 22 Feb submitted on 2 Feb 2013) American Economic Review, (rejected on 1 Feb2013, Submitted 22 January 2013). Journal of Urban Economics (rejected) the Review of Economics and Statistics, (rejected) 13 April Sumit Agarwal, Amit Seru, Tien Foo Sing, Jian Zhang, Information Leakage and Insider Trading in Housing Markets to talk to people in LTA and Ministry of Transport 12. Sumit Agarwal, Tien Foo Sing, Changcheng Song, Jian Zhang, Dialect group 13. Sumit Agarwal, Tien Foo Sing and Jia He, Lawyer Review at Other Journals

14 11. Dong, Zhi, and Sing, Tien Foo, Investors Overreaction in Less Transparent Sectors: Evidence on Implied Volatility from Stock Derivatives in Singapore, Journal of Portfolio Management (submitted by Dongzhi in 8 Oct 2014) (rejected by Real Estate Economics (submitted by Dong zhi on 3 October 2014.) 12. Liu, Bo and Sing, Tien Foo, "A Review on residential mortgage securitization and its implication for China", Asian-Pacific Economic Literature, (submitted on 17 December 2014). Working Papers: 1. Sumit Agarwal, Manahaaz and Tien Foo Sing, the underground road network plan scrapped. 2. Sumit Agarwal, Wenlan Qian, Tien Foo Sing and Poh Lin Tan, Dragon Babies: Fortunes Of Birth And Life Outcomes, 3. Sumit Agarwal, Jia He, Tien Foo Sing, and Changcheng Song, Shrouding Behavior of Real Estate Agents Removal of fee guidelines of IEA 4. Sumit hejia, (lawyer, 5. Sumit Agarwal, Ivan Png and Tien Foo Sing, (Red-light district in Geylang district and the impact on the security and society). 6. Sumit and Diao Mi (mrt vs bus, taxi salient, taxi labour) 7. McMillen and Tien Foo Sing, foreign homeownership / land price index / land leverage 8. Ambrose, B.W., Chu, Y.Q., SaAadu, J. and Sing, T.F. Mortgage Default and CPF Withdrawal Limits 9. Sumit Agarwal, Mi Diao, Jussi Keppo and Tien Foo Sing, Old Title: Trading-off between Time and Value in Commuting Decisions, \ Shake a habit: Why do commuters stick to the usual routine in their choice between MRT and Bus? 10. Working Papers (abandoned): 1. Sing, Tien Foo, Re-examining The REIT Effects - Does Corporate Governance Matter for REITs? Journal of Real Estate Research (rejected on 13March 2015) (submitted 19 November 2014) Journal of Financial Markets (Rejected 19 Jan 2014) manuscript number JFM-D (submitted on 16 December 2013). (Real Estate Economics, Special Issue on REIT, (rejected on 14 December 2013) submitted on 1 February 2013). (reviewed and resubmitted on 4 August 2013) (rejected) (resubmitted to Journal of Financial Markets, 14 December 2013) 2. Sing T.F. and Sirmans, C.F. Corporate Governance, Real Estate Ownership and Corporate Performance, 3. Shilling, James D. and Sing, Tien Foo, Entry Barriers and Learning in Real Estate Acquisitions: Evidence from an Emerging REIT market 4. Lee, Nai Jia and Sing, Tien Foo (2011), Inter- and Intra-Generation Consumption of Housing Goods: Did my parents own a larger house? 5. Lee, Nai Jia and Sing, Tien Foo (2012), Why are Green Firms not in Green Buildings? 6. Li Tong, Lu JingFeng, Sing, Tien Foo Land Bidding and Risk Aversion

15 7. Sing, T.F. International Real estate diversification 8. Shilling, J.D. and Sing, T.F. Impact of Abandonment Options and Tax Subsidy in the Housing Markets 9. Zhao, Daxuan and Sing, Tien Foo, Corporate Governance and Real Estate Collateral Effect (rejected) Journal of Real Estate Finance and Economics (24 February 2015). Journal of Financial Services Research (rejected on 16 November 2014) (submitted on 12 November 2014) (rejected 16 November 2014). Rejected by Real Estate Economics (7 October 2014). Journal of Money, Credit and Banking (Rejected on 17 December 2013 and submitted on 7 August 2013) 10. Liu, Bo, Ling, Aifan, Sing, Tien Foo, Credit Repairing Incentive and Mortgage Payment Strategies, Journal of Financial Economics (rejected 16 September fee paid 15 September 2017). 11. Fan, G.Z., Sing, T.F. and Ong, S.E., (2006) The Pricing of Lease Portfolio Credit Risk, 2006 Maastricht-MIT-Cambridge Real Estate Finance & Investment Symposium, August 2006, Maastricht, The Netherlands 12. Sing, T.F. and Tan, B.S.S, Valuation of Embedded Options in Asset-Backed Securitization, (submitted 10 July 2000), Journal of Real Estate Finance & Economics. (rejected 6 March 2001). (resubmitted to Asia-Pacific Financial Markets, 14 March 2001) (under revision) (revised and resubmitted in April 2002). (second revision) (third revision submitted 3 May2004). (aborted) 13. Sing, T.F. Impact of Information & Communication Technology on Office Space Demand, Journal of Corporate Real Estate. (submitted by 30 June 2002 to Journal of Corporate Real Estate) (resubmitted on 20 April 2005). (rejected) (aborted) 14. Chu, Y.Q. and Sing, T.F. (2004) Intensity and Timing Options for Investments in a Less Than Perfectly Competitive Market, Journal of Property Research (revised and resubmitted on 3 October 2005) (resubmitted 16 September 2004) (rejected). Real Estate Economics, (submitted 20 April 2004) (rejected 13 Sept by REE) (aborted) 15. Sing, T.F. Dividend Policies of Publicly Listed Real Estate Firms in Singapore, Journal of Real Estate Finance & Economics, (submitted on 25 August 2004). (aborted) 16. Sing, T.F., Sirmans, C.F. and Yin, L. (2009) "Board Independence, Corporate Ownership and Firm Performance: Does real estate ownership matter?" (to be reviewed and resubmitted) Journal of Property Research. (resubmitted on 8 Nov 2010) 17. Ming-Chu, Chiang, I-Chun Tsai, Tien-Foo, Sing, Detection the Spillover Effect between Real Estate Investment Trusts, Stock, and Housing Markets, Real Estate Economics (rejected). Ming-Chu, Chiang, I-Chun Tsai, Tien-Foo, Sing, Detection the Spillover Effect between Real Estate Investment Trusts, Stock, and Housing Markets, Journal of Empirical Finance 18. Tsai, Hsiu-Jung, Chen, Ming-Chi and Sing, Tien Foo, An Analysis of the Contagion Effect and Downside Risk in the International Stock Markets during the Subprime Mortgage Crisis submitted to Quantitative Finance (resubmitted 28 March 2011) Journal of Financial and Quantitative Analysis, 7 January 2011 (rejected) papers With LNJ, Cohort paper, Green paper, and housing and institutional

16 20. 4 papers With Liu Bo, contestability market, and split model and securitization and split model CMBS papers with Daxuan, corporate real estate, asset pricing and life cycle housing papers Jim Shilling, risk premium and real options and oligopoly market paper with Deng, CMBS and diversification and mortgage market 24. Mike & I-Chun, liquidity switching and REIT and contagion paper and Asian REITs 25. Earnings management and corporate governance, Shen, Huaishen and Sing Tien Foo, (2008), Earnings Management in REIT IPOs, American Real Estate Society (ARES) Conference, Captiva Island, Florida, April 16-19, paper Chang, J. on Taipei housing market papers Dong Zhi, reputation empirical, land strategies and 28. Dong, Zhi and Sing, Tien Foo (2008), A land seller s revenue under alternative land selling mechanisms with asymmetric developers, International AREUEA conference, Istanbul, Turkey, July 4-6, Dong, Zhi and Sing, Tien Foo (2008), Bid-spread and asymmetric developers in land tenders, Asian Real Estate Society (AsRES) Conference, Shanghai, China, July 12-15, Dong, Zhi and Sing, Tien Foo (2008), The welfare effect of a first price auction and a second price auction for a land market, Asian Real Estate Society (AsRES) Conference, Shanghai, China, July 12-15, Shilling, J.D. and Sing, T.F. (2006), Why is real estate market an oligopoly? 2006 ASSA-AREUEA annual conference, Jan 6-8, 2006, Boston, USA. 32. Sing, T.F. Acquisition events of REITs 33. Sing T.F. Psychological Effects of Scarcity on Value: Commodity Theory and Its Implications on Real Estate Market. 34. Chu, Y.Q. and Sing, T.F. Optimal Development Timing under Imperfect Information, 35. Chu, Y.Q. and Sing, T.F. Trading Volume in Housing, (AREUEA) 36. Chu, Y.Q. and Sing, T.F. Growth Premium 37. Dong, Zhi, Sing, T.F. and Shilling, J.D. Reputation & externality 38. Dong, Z., Sing, T.F. and Shilling, J.D. Stochastic Reputation model 39. Dong, Z., Sing, T.F. and Shilling, J.D. Oligopoly market structure AREUEA Dong, Z. and Sing, T.F. Implied Volatility 41. Huang, Y.Y. and Sing, T.F. Stochastic Interactive Effects with game 42. Shlling J.D. and Sing, T.F. Local knowledge and market structure 43. Single index asset allocation model 44. collective sales plattage - Colwell 45. Fuzzy B-S option model - Francis 46. Sing, T.F. A Fuzzy Symmetric Programming Approach to Portfolio Optimization,

17 47. Sing, T.F. A Fuzzy Portfolio Optimization Model with Fuzzy Inputs, Books/ 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. 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 年 9 月 ISBN: Deng Yongheng, Ren Chaoqun and Sing Tien Foo, The Story of Singapore s Public Housing: From a Nation of Home-Seeker to Home-Owner in Jie Chen, Mark Stephens, Joyce Yanyun Man (editors), The Future of Public Housing: Ongoing Trends in the East and the West, Springer (Springer-Verlag GmbH, Germany), ( 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: ), 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 a chapter in Modeling Derivatives in C++, Matlab, and Excel, Justin London (editor), FT Press, Pearson Education, Inc. Chapter 9, pp (Dec 2006). ISBN: , 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 [ ]. Pp May Sumit Agarwal, Swee Hoon Ang and Tien Foo Sing, Kiasunomics, World Scientific Publshers (2 nd Best Sellers in Non-Fiction Categories, Times Publishing and WH Smith; Finalist for Best Non-Fiction Title, Singapore Book Publishers Association s Singapore Book Awards 2018).