NUS-Wharton-Tsinghua China Residential Land Price Indexes(CRLPI) Launch Event
(Standing from left: Assoc. Prof Wu Jing, Prof Joseph Gyourko, Prof Deng Yongheng)

The Institute of Real Estate Studies, National University of Singapore, Zell/Lurie Real Estate Center, Wharton School, University of Pennsylvania, and the Hang Lung Center for Real Estate of Tsinghua University jointly launched the NUS-Wharton-Tsinghua Chinese Residential Land Price Indexes (CRLPI) on 1 September 2014, in Beijing, China. In conjunction with this, a Land Market Forum was also organized. The CRLPI is the first price index series covering major cities across the vast Chinese market. These indexes aim to provide a reliable reflection of changes in China’s land prices and would serve the needs of market participants, researchers and policymakers well in gaining accurate insights on China’s residential land prices.



Profile of Speakers and Moderator
Professor Joseph Gyourko is the Martin Bucksbaum Professor of Real Estate, Finance and Business & Public Policy at The Wharton School of the University of Pennsylvania and is Chair of the Real Estate Department. He holds the position as Director of the Zell/Lurie Real Estate Center at Wharton and also serves as a Co-Director of the NBER Project on Housing and Financial Crisis. His research interests include Urban Economics, Housing, Real Estate Finance and Local Public Finance. His research has been published in various scholarly journals, including the American Economic Review, Journal of Urban Economics and the AREUEA Journal. Professor Gyourko obtained his Bachelor’s degree from Duke University and has a Ph.D. in economics from the University of Chicago.

Associate Professor Wu Jing is with the Department of Construction Management at Tsinghua University. He held research positions at the Institutes of Real Estate Studies at both the National University of Singapore and Tsinghua University. Dr. Wu’s research mainly focuses on the Chinese housing market, especially housing price issues. Some of his research topics include time series properties of housing price, bubble gauging, determinants of housing liquidity, land market analysis and government behaviours in housing market. Dr. Wu led a group in Tsinghua University and constructed the first country-level constant quality (hedonic) housing price index in China. Dr. Wu obtained his Bachelor’s degree and Ph.D. from Tsinghua University.

Professor Deng Yongheng is Provost's Chair Professor and Director of the Institute of Real Estate Studies (IRES) at the National University of Singapore, Professor and Head of Real Estate at the Department of Real Estate, School of Design and Environment, and Professor of Finance, NUS Business School. He is also a Director of the Lifecycle Financing Research Program, Global Asia Institute. Professor Deng is also a Vice Chair of the World Economic Forum's Global Agenda Council on Financing and Capital, and has also chaired the Forum's Global Agenda Council on Real Estate. He has been elected as the 50th President of the American Real Estate and Urban Economics Association (AREUEA) and is also a member of the board of management of the Asia Research Institute.

Professor Liu Hongyu of the Real Estate and Construction at Tsinghua University is also the Director of Hang Lung Center for Real Estate and the Associate Dean, School of Civil Engineering. Amongst other appointments, he is also the Fellow and Vice President of the China Institute of Real Estate Appraisers and Agents, the Executive Director and Vice Chair of Research Committee, China Real Estate Association, Fellow and Advisor, China Real Estate Valuers Association and Chairman of the Specialist Committee of Housing Policy, Ministry of Housing and Urban Rural Development. His research interests include real estate development, real estate economics, real estate investment and finance, housing policy and land administration.

Dr. Liu Zhi is director at the Lincoln Institute of Land Policy. He is also heading the Peking University – Lincoln Institute Center for Urban Development and Land Policy in Beijing. Dr. Liu is a specialist in urban infrastructure and its financing at the World Bank which he has been with for about 2 decades. Aside from economic sector studies, his projects deal with investment lending in the infrastructure and urban sectors. His publications include topics ranging from metropolitan infrastructure financing, low-carbon city development, sustainable urban transport, to poverty and transport. He holds a Ph.D. from Harvard University. In 2010, he served as Vice Chair of the Global Agenda Council for the Future of Transportation.

Mr. Zhou Weijun is the Senior Vice President of China Vanke Co., Ltd., where he joined in 1993. Previously, he had served as assistant to the GM, deputy GM, executive deputy GM and GM of the Group’s Northeast Operation Management Division, Chairman and GM of Shenyang Vanke Housing Development Co., Ltd., and GM of Dalian Vanke Real Estate Development Co., Ltd., GM of Beijing Vanke Co., Ltd. He holds a Master of Business Administration from Cheung Kong Graduate School of Business, China.

Dr. Stanley Chan, founder and Managing Director of Stanley & Partners Investment Management Co., Ltd., introduced real estate investment banking services in China, providing bridges between international capitals and domestic developers. His company has completed investment transactions amounting to over RMB 10 billion. Under the leadership of Dr. Chan, Stanley & Partners received the award as one of the TOP 10 Real Estate Advisors by "New Real Estate", an authoritative real estate industry magazine. He is well-recognised as one of the leaders on China's real estate finance evolution and is invited to make speeches for international real estate finance conferences.