MIT Asia Real Estate Initiative Inaugural Symposium - MIT Center for Real Estate
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MIT Asia Real Estate Initiative Inaugural Symposium

singapore indoor arboretum

MIT Asia Real Estate Initiative Inaugural Symposium

Date: July 31 - August 01, 2023

The Massachusetts Institute of Technology launched the Asia Real Estate Initiative at the MIT Center for Real Estate in 2022. As international travel restrictions have eased, the Center is hosting its Asia Real Estate Initiative Inaugural Symposium on MIT campus from July 31 to August 1, 2023, aiming to advance research and engage scholars on a global level.

The committee received an overwhelmingly large number of full-paper submissions, from which we were able to select 12 high quality papers into the program. We are grateful to the support from colleagues in academia and thank Professor Edward Glaeser, Matthew Kahn, Sumit Agarwal, and Susan Wachter for being the symposium’s keynote speakers. The program is proudly presented below.

Hotel accommodations are available under our room block discount at the Marriott Hotel Cambridge: BOOK ONLINE. Questions or inquiries regarding symposium logistics, may be directed to Karenina Juarez, Events Associate, MIT Center for Real Estate.

Quick Links

Participant List

Keynote Speakers

Committee Members


Allan Hsiao

Assistant Professor of Economics, Princeton University

“Sea Level Rise and Urban Adaptation in Jakarta”

Zhenguo Lin

Professor of Real Estate, Florida International University

“The Value of Clean Air: Evidence from Chinese Housing Markets”

Hefan Zheng

Ph.D. Student of Hang Lung Center for Real Estate, Tsinghua University

“Unused Housing in Urban China and Its Carbon Emission Impact”


Session Chairs

Industry Roundtable Speakers



Sunday, July 30, 2023

All DayHotel Check-In
Boston Marriott Cambridge
50 Broadway, Cambridge, MA 02142
5:30 PM – 8:00 PMWelcome Cocktail Reception
Area Four
Beer, Wine, Pizza, and Small Bites
500 Technology Dr, Cambridge, MA


Monday, July 31, 2023 | Day 1

Morning Sessions
8:45 – 9:45Breakfast

Prof. Siqi Zheng

Prof. Edward Glaeser

Keynote: Cities and Infrastructure
10:00 – 11:20Chair: Michael Seiler

Allan Hsiao (Discussant: William Wheaton)

Eunjee Kwon, Amanda Ang, Siqi Zheng (Discussant: Ralph Siebert)
Session 1: Sustainable Cities and Real Estate

Sea Level Rise and Urban Adaptation in Jakarta

Impacts of Asian Immigrants on School Performance and Local Housing Markets in the U.S.
11:20Tea Break
11:40Chair: Sahil Gandhi

Jiro Yoshida, Miki Seko, Kazuto Sumita (Discussant: Stephen Malpezzi)

Wen-Chi Liao, Kecen Jing, Yilan Luo (Discussant: Siqi Zheng)
Session 2: Housing Affordability and Urban Sustainability

Underutilized Housing in an Aging Society: How Bequest Motives Affect Housing Choices

Suburban Housing Creation: Result of Transit Network Expansion in Central City
13:00 – 14:00Lunch
13:20 – 13:50Prof. Sumit AgarwalKeynote: Household Sustainability
Afternoon Sessions
14:00Chair: Williams Hardin

Zhenguo Lin, Lin Zhou, Jianshuang Fan (Discussant: Jing Cao)

Vaidehi Tandel, Sahil Gandhi, Anupam Nanda, Nandini Agnihotri (Discussant: Geetika Nagpal)
Session 3: Household Behaviors in Real Estate Markets

The Value of Clean Air: Evidence from Chinese Housing Markets

Do mandatory disclosures squeeze the lemons? The case of housing markets in India
15:20Tea Break
15:4017:00Chair: Vinicios Sant’Anna

Yi Fan, Sumit Agarwal, Wenlan Qian, Tien Foo Sing (Discussant: Sisi Zhang)

Xi Yang, Ang Sun, Emma Zang, Zitong Wang (Discussant: Liang Peng)
Session 4: Real Estate Policy and Social-Demographic Dynamics

Like Father Like Son? Social Engineering and Intergeneration Mobility in Housing Consumption

Housing Wealth Allocation and Household Decisions: Evidence from China
18:30Symposium Dinner


Tuesday, August 1, 2023 | Day 2

Morning Sessions
8:45 – 9:45Breakfast

Prof. Michael Seiler

Prof. Matthew Kahn
Address from JRER Editor

Keynote: Accelerating the Pace of Climate Change Adaptation Progress in Asia
10:00Chair: Lan Deng

Lina Meng,Yongheng Deng, Lu Lin (Discussant: Jeffrey Cohen)

Hefan Zheng, Rongjie Zheng, Xinru Yin, Jing Wu (Discussant: Rui Wang)
Session 5: Recent Challenges in Chinese Housing Markets

Pricing the Flood Risk: Evidence from the Real Estate Market in China

Unused Housing in Urban China and Its Carbon Emission Impact
11:20Tea Break
11:40Chair: Nan Li

Qinghua Zhang, Zhi Wang (Discussant: Ying Chen)

Prashant Das, Anirban Banerjee, Franz Fuerst (Discussant: Soon Hyeok Choi)
Session 6: ESG and Sustainable Real Estate

Build up a Metropolis: Land Use Regulations, Spatial Mismatch, and Welfare

Who Bears Cost of Green Policies? Green Office Rental Contracts, and Mandatory ESG Disclosure in India
13:00 – 13:15Prof. Siqi ZhengClosing Remarks (Academic Portion)
Afternoon Sessions
13:20 – 14:20Lunch
13:40 – 14:10Prof. Susan WachterKeynote (Academic & Industrial)
14:30 –
Prof. Susan Wachter, Prof. Sumit Agarwal, Qian Wang, David He, Jacques Gordon (Moderator)Industry Roundtable Discussion


Transportation Info

Directions from Logan Airport to Hotel

Boston Marriott Cambridge direction: 7 mi West (50 Broadway, Cambridge, MA 02142)

  • Public Transit (Recommended):
    Take SL1 (Silver Line Bus with free fare when leaving airport)
    Get off at South Station (6 stops)
    Take Red Line to Alewife (fare: $2.40)
    Get off at Kendall Square (4 stops)
  • Directions by car (Sumner Tunnel is closed, allow extra time for travel):
    Follow signs to Ted Williams
    Tunnel/Route 90 W (Mass Pike). 
    Take I-93 N to MA-3 S/Longfellow Bridge.
    Take the MA-3 N exit from MA-3 N.
    Continue on MA-3 S/Longfellow Bridge.
    Drive to Main St in Cambridge
  • Estimated Car Service: $45+ (one way)


  • On-site parking available at Marriott for $58/day by valet.
  • Off-site parking Kendall Center Green Garage (.1 Miles)

Venue Location

MIT Media Lab
East Campus

Building E14, 6th Floor
75 Amherst St.
Cambridge, MA 02139

MIT Asia Real Estate Initiative Inaugural Symposium