Eres : Digital Library : Works

Paper eres2012_007:
Analysis of land tenders in Singapore

id eres2012_007
authors Lawrence Chin and Kok Soon Yu
year 2012
title Analysis of land tenders in Singapore
source 19th Annual European Real Estate Society Conference in Edinburgh, Scotland
summary This paper adopts the event study methodology in examining the market reaction of the stock price of the winning tenderer from the announcement of the tender win. The companies studied are those listed in the Singapore Stock Exchange (SGX) during the period between 2003 and 2010. The findings from the study show that land tender win announcements resulted in positive abnormal return for the winning companiesí stock prices. The underlying factors which are responsible for the positive abnormal return are the level of experience of the winning tenderer, level of uncertainty of the development, number of participating bidders and the type of land zoning for the site. On the other hand, negative relationship is observed between the bid margin and the abnormal return. The higher the margin the lower the return will be.
series ERES:conference
type normal paper
content file.ppt (481,280 bytes)
discussion No discussions. Post discussion ...
session Parallel Session D3
last changed 2014/10/21 21:51
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