Japan Real Estate Institute

Do housing price cycles reflect herd behaviour in developing and emerging economies?

Purpose This study aims to examine whether housing price cycles in 16 developing and emerging economies reflect herd behaviour. Design/methodology/approach This study used annual panel data from 2005 to 2023 sourced from the Bank for International Settlements and the World Bank’s...

Dividends Beneath the Canopy: National Forest City Designation and Urban Inclusive Green Growth—Evidence from China

Amid China’s pursuit of ecological civilization and high-quality development, a central policy challenge lies in designing environmental governance instruments that can simultaneously deliver ecological improvement and socially inclusive outcomes. Using the National Forest City (...

Data-driven real estate valuation, part II: data, uncertainty and governance for reliable automated valuation models in practice

Purpose This paper is part II of a two-part review of automated valuation models (AVMs). Part II examines what is required for AVMs to be reliable, fair and production-ready in high-stakes valuation practice, focussing on validation, uncertainty quantification, market coverage, d...

Income and density spillover effects in German land prices

Purpose This paper aims to investigate the role of county-level income and population density effects in explaining spatial variation in German land prices from 2014 to 2018. Motivated by recent evidence that land values account for a growing share of housing price dynamics, our...

Scaling Open 3D City Models: Implementation and Validation of an AI-driven Automated Generation Tool “AI City Model Maker beta version”

Abstract. This study presents an AI-based tool for the automatic generation and updating of 3D city models to support the expansion of Project PLATEAU in Japan. High-quality models at Level of Detail (LOD) 2 or higher are essential for applications such as urban planning and disa...

Object biography of war relics: a case study on the Japanese pillboxes on Luk Keng Knoll

Abstract In the research context of the growing interest in the object biographies of World War II relics, this case study of the field surveys of the Japanese pillboxes on Luk Keng Knoll, Starling Inlet, in Hong Kong, is a good illustration of an object biography “written” by mi...

Optimizing passive strategies for eco-residential energy efficiency in China's hot summer/cold winter zone: A Yancheng case study

This research evaluated the energy efficiency of an advanced eco-residential design in Yancheng, China, utilizing dynamic simulations with EnergyPlus and OpenStudio. The study focused on transitional climates marked by hot summers and cold winters, comparing three residential mod...

The quantile effects of retrofitting policies on rental price appreciation among student housing in Ghana

Purpose Despite global evidence of retrofitting effects on building performance, there is a key research gap: the impact of retrofitting policies on rental price appreciation in the student housing rental market. This study aims to examine the quantile effects of retrofitting on...