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Notable Recognition


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Professor Deng Yongheng

Professor Deng Yongheng

Professor Deng Yongheng has been appointed as member of the management board of the Asia Research Institute for the period 1 Jul 2014 to 30 Jun 2016.

He has also been elected as the 50th President of the American Real Estate and Urban Economics Association (AREUEA) at the AREUEA-ASSA Annual Conference 2014 in Philadelphia. His appointment as AREUEA President enhances NUS' formidable global network and will further strengthen NUS' research capabilities in the area of real estate finance and economics, particularly on Asia.

His other notable appointments:

Vice Chairman of the World Economic Forum's Global Agenda Council for Financing and Capital, in 2012.

Chairman of the World Economic Forum's Global Agenda Council for Real Estate, in 2011.

Council member of the World Economic Forum's Global Agenda Council on the Future of Real Estate & Urban Development, in 2010.

The World Economic Forum is a not-for-profit organization based in Geneva, Switzerland best known for our Annual Meeting in Davos, Switzerland. In addition to the meeting in Davos, the Forum also holds a series of regional summits, is deeply involved with various initiatives, and works to create dialogue on industry issues. In 2008, the Forum created the Network of Global Agenda Councils, comprising Councils on the foremost topics in the global arena. Each of these Councils convenes relevant thought leaders from academia, government, business and other fields to capture the best knowledge on each key issue and integrate it into global collaboration and decision-making processes.

More recently, Professor Deng Yongheng 's paper, co-authored with with Erik Devos, Shofiqur Rahman and Desmond Tsang won the Aareal Award of Excellence in Real Estate Research in the 16th EBS Real Estate Conference, Germany.

Professor Deng Yongheng 's paper, co-authored with Xin Liu and Shang-jin Wei, entitled “One Fundamental and two taxes: When does a Tobin Tax reduce financial price volatility?” won the best paper award in the 2014 China International Conference in Finance (CICF), held during 10-13 Jul in Chengdu, China.




Professor Seek Ngee Huat

Professor Seek Ngee Huat
The Yin and Yang of Corporate Governance

Dr. Seek Ngee Huat, Chairman of IRES and Chairman of GLP (winner of Best Managed Board - Singapore Corporate Awards), says corporate governance is about setting a framework for managers to work within.


IRES Chairman, Professor Seek Ngee Huat, receives the 2015 NUS Outstanding Service Award

Dr Seek Ngee Huat, an illustrious NUS alumnus, was lauded at the NUS University Awards 2015 event on the 24th of April at the University Cultural Centre. This annual event honours and recognises individuals who have excelled in the areas of education and research, and displayed exceptional contributions to Singapore and the global community. Dr Seek received an Outstanding Service Award.


Establishment of NH Seek Fund Scholarships

The NUS Department of Real Estate recently established the NH Seek Fund Scholarships that cater to top-performing needy students. This is the brainchild of Dr. Seek Ngee Huat, Board Chairman of IRES and a recipient of the 2015 NUS Outstanding Service Award.



Associate Professor Fu Yuming

Associate Professor Fu Yuming

Associate Professor Fu Yuming had been awarded the Global Asia Institute, JY Pillay Comparative Asia Research Centre Research Grant for the research proposal entitled “Human Capital, Labor Mobility and Regional Development in SEA Economies”. The duration of the project will be three years starting from Aug 2014.

Associate Professor Fu Yuming is confirmed as a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics 2013. A limited number of outstanding academicians and other leaders who have made significant contributions to the development and dissemination of knowledge in the field of real estate and related disciplines are invited each year.



Associate Professor Sing Tien Foo

Associate Professor Sing Tien Foo

Associate Professor Sing Tien Foo won the Best Paper Award, 3rd level, AsRES 2015 Annual Conference 2015 with the paper--“Are Chinese House Buyers Superstitious? Evidence from Housing Transactions during Hungry Ghost Months in Singapore”.

Associate Professor Sing Tien Foo has been invited to join as a post-doctoral honoree of the Homer Hoyt Institute, Maury Seldin Advanced Studies Institute, Weimer School of Advanced Studies in Real Estate Land Economics. The award recognizes outstanding research achievements and potential in the field of real estate and land economics and includes a fully-sponsored trip to the US to present his work.



Professor Sumit Agarwal

Associate Professor Sumit Agarwal

Won Outstanding Researcher Award
Prof Sumit Agarwal won the Outstanding Researcher Award at the NUS University Awards 2016. The University Awards honour and recognise members of the NUS community who, through their consistently high performance and resolute commitment, set new benchmarks in the areas of education, research and service.


Papers Published in Acclaimed Journals
"Access to Home Equity and Consumption: Evidence from a Policy Experiment" (with Qian, W), forthcoming, Review of Economics and Statistics
"Systematic Mistakes of Borrowers in the Mortgage Markets" (with Ben-David, Z., and V. Yao), forthcoming, Journal of Finance Economics
"Golf Buddies and Board Diversity" (Qian, W., D. Reeb and S. Tien-Foo), forthcoming, American Economic Review – Papers and Proceedings

"Policy Intervention in Debt Renegotiation: Evidence from Home Affordability Modification Program" (with Amromin, G., I. Ben-David, S. Chomsisengphet, A. Seru and T. Piskorski), forthcoming, Journal of Political Economy
"Rushing into the American Dream? House Prices Growth and the Timing of Homeownership" (with Hu, L., and X. Huang), forthcoming Review of Finance
"Why do Borrowers Make Mortgage Refinancing Mistakes?" (with Rosen, R., and V. Yao), forthcoming Management Science

IRES researcher Low Tuck Kwong Professor, Prof Sumit Agarwal with coauthor Assistant Prof. Wenlan Qian have recently published two papers in American Economic Review."The Composition Effect of Consumption around Retirement: Evidence from Singapore" and "Consumption and Debt Response to Unanticipated Income Shocks: Evidence from a Natural Experiment in Singapore".

Forthcoming papers

7 forthcoming papers by Low Tuck Kwong Professor, Prof Sumit Agarwal since January 2015.

Professor Sumit Agarwal's paper with Chomsisengphet, S., N. Mahoney and J. Stroebel entitled "Regulating Consumer Financial Products: Evidence from the Card Act" had been accepted at the Quarterly Journal of Economics (QJE).



Associate Professor Tu Yong

Associate Professor Tu Yong

Associate Professor Tu Yong's paper, co-authored with Wang Yourong and Li Wenbin, entitled “Neighborhood Land-use Patterns and Housing Prices in Beijing” won the Best Paper Awards, 3rd level, in Global Real Estate Summit, AsRES 2015 Annual Conference, July 6-9, 2015, Fairmont Washington, D.C. USA.



Associate Professor Liao Wen-Chi

Associate Professor Liao Wen-Chi

Associate Professor Liao Wen-Chi had been awarded the Global Asia Institute, JY Pillay Comparative Asia Research Centre Research Grant for the research proposal entitled “Human Capital, Labor Mobility and Regional Development in SEA Economies”. The duration of the project will be three years starting from Aug 2014.



Assistant Professor Zsuzsa Huszár

Assistant Professor Zsuzsa Huszár

Assistant Professor Zsuzsa Huszár (Dept of Finance) has won the 2010 Fama-DFA prize for her paper, "The Good News In Short Interest", which examined if the absence of short selling in actively traded stocks is indicative about future returns. This paper was published in the Journal of Financial Economics (JFE) in April 2010.

The Fama-DFA Prize is an annual award for capital markets and asset pricing research papers which have been voted the best by readers of JFE, one of the world's leading finance journals. More information on the prize can be found at http://jfe.rochester.edu/jfeprize.htm



Awards Recognition at the Global Chinese Real Estate Congress (GCREC) 2011

GCREC Cert

At this recent event on 3rd April 2011 in Hangzhou, China, Prof Deng Yongheng, Dr. Wu Jing and Dr. Liu Xueliang from the NUS IRES was awarded the first prize for Best Paper for their research on "population impact, marriage and housing market"

Assoc Professor Sing Tien Foo (IRES affiliated researcher) and Dr Lee Nai Jia from the NUS Department of Real Estate won the second prize for Best Paper - 2nd Prize for their research paper, "Inter and Intra generation consumption of housing good: Did my parents own a larger house?"

Click here to visit the GCREC 2011 website.



Professor Ong Seow Eng

Professor Ong Seow Eng

Professor Ong Seow Eng is invited to be a Fellow candidate of the Weimer School of Advanced Studies in Real Estate and
Land Economics for 2010-2011. A limited number of outstanding academicians and other leaders who have made significant contributions to the development and dissemination of knowledge in the field of real estate and related disciplines are invited each year.

Associate Professor Lum Sau Kim

Associate Professor Lum Sau Kim

Post doctoral honoree of the Homer Hoyt Institute, the Maury Seldin Advanced Studies Institute and the Weimer School of Advanced Studies in Real Estate and Land Economics.

Founded in 1968, these form one of the most highly regarded independent real estate research foundations in the US (http://www.hoyt.org/). There have been only 5 recipients (out of 62) from outside North America. The award recognizes research achievements and potential in the field of real estate and land economics and includes a fully-sponsored trip to the US to present her work.

Dr Wu Jing

Dr Wu Jing

Dr Wu Jing's research proposal, "Measurement and Research on Local Government' Behaviors in Housing Market Intervention in China", has been awarded grant from the National Science Foundation in China (NSFC) for year 2011 to 2013. NSFC is one of the most important research grants in Mainland China.

Click here for the proposal abstract.

Professor Liow Kim Hiang

Associate Professor Liow Kim Hiang

Prof Liow Kim Hiang's paper with Schindler, F entitled "Linkages and Volatility Spillover Effects Between Office Markets in Europe" had won the DTZ Research Institute Award for Academic Innovation 2014.

The paper by Professor Liow Kim Hiang entitled “Volatility interpendence in European real estate securities markets: Who is the most influential?” published in the Journal of European Real Estate Research was chosen as the Highly Commended Paper for 2013 by the journal’s editorial team.

The paper by Professor Liow Kim Hiang entitled “Are corporate properties undervalued? Evidence from international retail companies” is the 2009 winner of the Retail Real Estate category sponsored by the International Council for Shopping Centers (ICSC); presented at the ARES 2009 meeting held at Monterey, California, US.

The paper by Dr Kwame Addae-Dapaah, Professor Liow Kim Hiang and Adam Stults (JLL, Shanghai) entitled “What drives value property premium?” is the 2009 winner of the Apartments category sponsored by the National Multi-Housing Council (NMHC); presented at the ARES 2009 meeting held at Monterey, California, US.



Associate Professor Joseph Ooi

Associate Professor Joseph Ooi

Assoc. Prof Joseph Ooi won two best paper awards at the American Real Estate Society’s 31st Annual Meeting in Ft. Myers, Florida. Some 255 papers were presented at the conference. Each award comes with a prize money of US$1,000.

Assoc. Prof Joseph Ooi and his PhD student, Xu Ruoran, together with Prof David Ling from the University of Florida, have been awarded research funding from the Real Estate Research Institute (RERI) for their research proposal “Asset Growth and Stock Performance: Evidence from REITs” in May 2015.

The paper by A/P Joseph Ooi, Wong Wei Chyuan and Prof Ong Seow Eng entitled “Can Bank Lines of Credit Protect REITs against a Credit Crisis?” is the 2009 winner of the Real Estate Finance category sponsored by Real Capital Analytics;
presented at the ARES 2009 meeting held at Monterey, California, US.



Dr Masaki Mori

Dr Masaki Mori won the Annual Teaching Excellence Award (ATEA) for AY2014/15. The ATEA recognises faculty members who have displayed a high level of commitment to their teaching.

Dr Seah Kiat Ying

Dr Seah Kiat Ying won the Annual Teaching Excellence Award (ATEA) for AY2014/15. The ATEA recognises faculty members who have displayed a high level of commitment to their teaching.

Dr Qian Wenlan

Dr Qian Wenlan

The Singapore Business Review List of Most Influential Business Professors Who Are 40-or-under
Congratulations to IRES Researcher A/P Qian Wenlan.


Dr Qian Wenlan's paper was chosen for the 'Best Paper Award' at the recent Joint International Conference of the American
Real Estate and Urban Economics Association and Asian Real Estate Society.

Wenlan's paper titled ‘Agent Heterogeneity and Housing Market Dynamics' received top honours, out of almost 200 papers that were accepted and presented. The conference brings academics, practitioners and policymakers from around the world together to present, hear and discuss new research in urban and real estate economics, real estate finance, development and investment.

Click here for the paper abstract.

Dr Zhang Weina

Dr Zhang Weina

Dr Zhang Weina’s paper "Effective Corporate Governance in Chinese Listed Real Estate Firms," (co-authored with Gang-Zhi Fan, who is an NUS Alumni, and Yi Wan) has won the second prize of best paper awards in the Global Chinese Real Estate Congress (GCREC) Annual Conference, held in Beijing 20-22 Aug 2009.

The conference promotes research and education lead by global Chinese academics and industry experts in the fields of real estate and related areas.

The theme of this year's GCREC conference is Real Estate After Global Financial Crisis: Opportunities and Challenges.

After careful review by the committee, Weina's paper stands out from over 350 papers presented at the conference.

Click here for the paper abstract.



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