Dear Mr. Tan,
I would like to ask about property derivatives. How are they used (examples) and valued? Could you explain them in detail? Please recommend some journals which could help me to find the answers of the questions above. Your efforts will be greatly appreciated. With many thanks.
REPLY
You are probably referring to the asset back securities and collaterilised debt obligations (CDO) in the USA. I suggest that you search Google for these items, and read the writings from the experts. All the best.
Property Derivatives are new. The value of a property derivative is derived from a property index, such as the Hong Kong University Real Estate Index Series. Work is being done here in Singapore on indices in both residential and commercial markets, and we hope to have our first trades in Singapore by year end.
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