MIT Asia Real Estate Initiative Inaugural Symposium
MIT Asia Real Estate Initiative Inaugural Symposium
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
- Sunday, July 30, Agenda
- Monday, July 31, Agenda (Day 1)
- Tuesday, August 1, Agenda (Day 2)
- Transportation Info
- Industry Roundtable
Participant List
Keynote Speakers
Committee Members
Presenters
Allan Hsiao
Assistant Professor of Economics, Princeton University
“Sea Level Rise and Urban Adaptation in Jakarta”
Eunjee Kwon
Assistant Professor in Real Estate, University of Cincinnati
“The Impacts of Asian Immigrants on School Performance and Local Housing Markets in the US”
Jiro Yoshida
Professor of Business and King Fellow, Pennsylvania State University
“Underutilized Housing in an Aging Society: How Bequest Motives Affect Housing Choices”
Wen-Chi Liao
Visiting Associate Professor, MIT Center for Real Estate
“Suburban Housing Creation: Result of Transit Network Expansion in Central City”
Zhenguo Lin
Professor of Real Estate, Florida International University
“The Value of Clean Air: Evidence from Chinese Housing Markets”
Vaidehi Tandel
Assistant Professor, University of Manchester
“Do Mandatory Disclosures Squeeze the Lemons? The Case of Housing Markets in India”
Yi Fan
Assistant Professor, National University of Singapore
“Like Father Like Son? Social Engineering and Intergeneration Mobility in Housing Consumption”
Xi Yang
Associate Professor, University of North Texas
“Housing Wealth Allocation and Household Decisions: Evidence from China”
Lina Meng
Associate Professor, Xiamen University
“Pricing the Flood Risk: Evidence from the Real Estate Market in China”
Hefan Zheng
Ph.D. Student of Hang Lung Center for Real Estate, Tsinghua University
“Unused Housing in Urban China and Its Carbon Emission Impact”
Jianfu Shen
Assistant Professor, The Hong Kong Polytechnic University
“The Value of Sustainable Property Management in Real Estate: Evidence from Hong Kong”
Qinghua Zhang
Professor, Peking University
“Build up a Metropolis: Land Use Regulations, Spatial Mismatch, and Welfare Kong”
Prashant Das
Associate Professor of Finance and Accounting, IIM Ahmedabad
“Who Bears Cost of Green Policies? Green Office Rental Contracts, and Mandatory ESG Disclosure in India”
Discussants
Session Chairs
Industry Roundtable Speakers
Agenda
Sunday, July 30, 2023
| time | session | |
|---|---|---|
| All Day | — | Hotel Check-In Boston Marriott Cambridge 50 Broadway, Cambridge, MA 02142 |
| 5:30 PM – 8:00 PM | — | Welcome Cocktail Reception Area Four Beer, Wine, Pizza, and Small Bites 500 Technology Dr, Cambridge, MA |
Monday, July 31, 2023 | Day 1
| TIME | Speaker | session |
|---|---|---|
| – | Morning Sessions | – |
| 8:45 – 9:45 | – | Breakfast |
| 9:00 9:15 | Prof. Siqi Zheng Prof. Edward Glaeser | Welcome Keynote: Cities and Infrastructure |
| 9:45 | – | Break |
| 10:00 – 11:20 | Chair: 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. |
| 11:20 | – | Tea Break |
| 11:40 | Chair: 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 – 14:00 | – | Lunch |
| 13:20 – 13:50 | Prof. Sumit Agarwal | Keynote: Household Sustainability |
| – | Afternoon Sessions | – |
| 14:00 | Chair: 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 |
| 15:20 | – | Tea Break |
| 15:40 – 17:00 | Chair: 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 |
| 18:30 | – | Symposium Dinner |
Tuesday, August 1, 2023 | Day 2
| time | speaker | session |
|---|---|---|
| – | Morning Sessions | – |
| 8:45 – 9:45 | Breakfast | |
| 9:00 9:15 | Prof. Michael Seiler Prof. Matthew Kahn | Address from JRER Editor Keynote: Accelerating the Pace of Climate Change Adaptation Progress in Asia |
| 9:45 | – | Break |
| 10:00 | Chair: 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 |
| 11:20 | Tea Break | |
| 11:40 | Chair: 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 – 13:15 | Prof. Siqi Zheng | Closing Remarks (Academic Portion) |
| Afternoon Sessions | ||
| 13:20 – 14:20 | – | Lunch |
| 13:40 – 14:10 | Prof. Susan Wachter | Keynote (Academic & Industrial) |
| 14:30 – 15:30 | 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)
Parking
- 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
