Joseph Ooi
| Designation | : | Deputy Director |
| Office | : | SDE1-05-14 |
| : | rstooitl@nus.edu.sg | |
| Telephone | : | 6516 3564 |
| Fax | : | 6774-8684 |
| Homepage | : | http://profile.nus.edu.sg/sde/rstooitl/ |
Joseph Ooi is Professor of Real Estate at the National University of Singapore (NUS) where he is serving concurrently as Deputy Director (Development) of the Institute of Real Estate and Urban Studies, Vice-Dean (Academic) of the School of Design and Environment (SDE), and Director of the Executive Certificate in Real Estate Finance (ECREF). He also pioneered the MBA with Specialisation in Real Estate in NUS and served as its first programme director. He is the President-elect of the International Real Estate Society.
Joseph has published more than 50 peer-reviewed papers on real estate finance, economics and development in top real estate journals, such as Journal of Law & Economics, Journal of Money, Credit & Banking, Journal of Regional Science, Regional Science & Urban Economics, Real Estate Economics, Journal of Real Estate Finance & Economics, Journal of Housing Economics, Journal of Real Estate Research, and Urban Studies. A winner of multiple international research awards, including 12 manuscript prizes from the American Real Estate Society, Joseph was awarded the prestigious NUS Young Researcher Award (2005). He also sits on the editorial board of ten international real estate journals. Joseph was inducted as a Fellow of the exclusive Weimer School of Advanced Studies in Real Estate & Land Economics in 2017 for his outstanding and impactful scholarly accomplishments.
A highly versatile scholar who excels at teaching a broad range of subjects at different levels, Joseph conducts training workshops for many organisations, government agencies and professional associations, such as Ascendas-Singbridge, Frasers Centrepoint, Keppel Land, JTC Corporation, Real Estate Developers’ Association of Singapore (REDAS), Singapore Land Authority, Singapore Tourism Board, Urban Redevelopment Authority (URA) and the Egyptian Real Estate Academy. Joseph has won many teaching excellence awards, including the Outstanding Educator Award, which is the highest teaching award in NUS. Joseph is a Fellow of the NUS Teaching Academy, a unit established under the Office of Provost to spearhead the university’s efforts in promoting excellence in teaching and learning.
Joseph serves on the executive committee of Urban Land Institute (ULI), Singapore. He was External Examiner for University of Reading’s master programmes in Real Estate (2011-2014) and Board member of the Asian Real Estate Society (2012-2018) and the International Real Estate Society (2013-2017). He received the International Real Estate Society’s Achievement Award in 2008 for his outstanding contribution to research, education and practice at the international level. In 2011, he started the Executive Certificate in Real Estate Finance, which is a structured executive programme seeking to bridge knowledge in the real estate and capital markets.
Prior to joining NUS, Joseph has extensive working exposure in the local, regional and international real estate markets. Joseph obtained his B.Sc. (Estate Management) and M.Sc. (Real Estate) degrees from NUS and his PhD in Real Estate Finance from the University of Manchester (formerly UMIST).
Real Estate Investment Trusts (REITs)
Real Estate Development Strategies
Price Dynamics in Urban Land and Housing Markets
- Ooi JTL, M. Mori and WC Wong, “Rationale Behind IPO Pricing: Evidence from Asian REIT IPOs”, Real Estate Economics (forthcoming).
- Ling D.C., JTL Ooi and R.R. Xu, “Asset Growth and Stock Performance: Evidence from REITs”, Real Estate Economics (forthcoming).
- Ooi JTL, CF Sirmans and GK Turnbull, “The Option Value of Vacant Land”, Journal of Real Estate Finance and Economics (forthcoming).
- Munneke HJ, JTL Ooi, CF Sirmans, and GK Turnbull, “Testing for Price Anomalies in Sequential Sales ”, Journal of Real Estate Finance and Economics (forthcoming).
- Lee K.O. and JTL Ooi (2018) “Property Right Restriction and House Prices”, Journal of Law and Economics 61(2), 335-360. [Won best paper award in “Apartments”, American Real Estate Society, 2015].
- Xu R.R. and JTL Ooi (2018), “Good Growth, Bad Growth: How Effective are the Corporate Watchdogs?” Journal of Real Estate Finance and Economics 57(1), 64-86.
- Xu R.R., Y.L. Chow and JTL Ooi (2017), “A Relook at the Effects of Divestiture in the Presence of Agency Conflict”, Journal of Real Estate Finance and Economics 55(3), 313-344.
- Tang C.K., M. Mori, S.E. Ong and JTL Ooi (2016) “Debt Raising and Refinancing by J-REITs: Information Content in a Credit Crunch”, Journal of Real Estate Finance and Economics 53 (2), 141-161.
- Downs D., Ooi, JTL, WC Wong, and SE Ong (2016), “Related Party Transactions and Firm Valuation: Evidence from Property Markets in Hong Kong, Malaysia and Singapore”, Journal of Real Estate Finance and Economics 52 (4), 408-427. [Won best paper award in “Real Estate Investment”, American Real Estate Society, 2012].
- Zhang Fan, Cristian Badarinza and Ooi JTL, “CEO Tenure and Far-Sighted Acquisitions”.
- Zhang Fan and Ooi JTL, “CEO Age and Acquisition Behaviour”.
- Zhang Fan and Ooi JTL, “Diversification and Returns Predictability of REITs”.
- Ooi J TL and D. Dung, “Plot Size, Development Density & Value of Urban Land”.
- Ooi JTL and D. Dung, “REIT Greeness and Corporate Performance”.
- Lindenthal T. and JTL Ooi, “The Role of Market Power in Asset Pricing: Evidence from the Housing Market”.
- Munneke HJ, JTL Ooi, CF Sirmans, and GK Turnbull, “Outsourcing Services: Theory and Evidence from the Real Estate Development Industry”.
- Munneke HJ, JTL Ooi, CF Sirmans, and GK Turnbull, “Speculators and Price Stability in Durable Asset Markets”.
- Mori M., S.E Ong and JTL Ooi, “External Advisors, Business Groups, and Bank Relationships; Evidence from Synergistic Effects from Japanese REITs”.
- Mori M. and JTL Ooi, “Investors Perception about Earthquake Risk and Its Impact of Price Dynamics of Japanese REITs”.
- Ooi JTL and WC Wong, “Financial Flexibility & REITs Capital Structure Decisions”. [Won best paper award in “Real Estate Investment Trusts”, American Real Estate Society, 2015].