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Policy uncertainty and overseas property purchases: Evidence from China

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  • Qiu, Leiju
  • Li, Tianyu
  • He, Qing
  • Zhao, Daxuan

Abstract

A political leadership transition occurs in China every five years. This shift in leadership is accompanied by tremendous uncertainty within Chinese society, particularly for the nation's wealthy people. Examining private residential property transaction data in Singapore, this paper reveals that the number of transactions by Chinese mainland buyers increases by half during political transitions that occurred between 1998 and 2013, in comparison to buyers from Malaysia, the US, and Hong Kong.

Suggested Citation

  • Qiu, Leiju & Li, Tianyu & He, Qing & Zhao, Daxuan, 2021. "Policy uncertainty and overseas property purchases: Evidence from China," Research in International Business and Finance, Elsevier, vol. 58(C).
    • Handle: RePEc:eee:riibaf:v:58:y:2021:i:c:s027553192100060x
    DOI: 10.1016/j.ribaf.2021.101439
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