The Centre for Asset Securitisation in Asia (CASA) intends to be a world-class research centre in real estate finance and economics, with a special emphasis on the real estate securitsation, and broader coverage of asset securitsation in Asia. Its primary goals are:
CASA is co-directed by Professors Winston Koh (SMU) and Susan M. Wachter (Wharton School of the Univeristy of Pennsylvania).
CASA researchers recently have published works on misaligned incentives and mortgage lending in Asia and on international evidence on diversification benefits of REITs. They also have acquired an extensive dataset of international REIT returns, with information about the geographic exposure of each REIT in the dataset.
Ongoing research in CASA involves the following topics:
- REITs and equity funding in Asia's real estate markets
- An international comparison of housing supply regimes and estimation of the supply elasticity
- Supply elasticities and real estate market bubbles
- Development and distribution of real estate price indices in Asia
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