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Associate Professor Chyi Lin Lee
Associate Professor

Associate Professor Chyi Lin Lee

He received his PhD from the University of Melbourne. 

Arts,Design & Architecture
School of Built Environment

Associate Professor Chyi Lin Lee is currently the discipline director of construction management and property at the University of New South Wales. His research on housing and property investment has been presented at a variety of international conferences and been published widely. Recent works on housing and property investment have covered issues such as housing economics, real estate futures contracts, property finance and housing submarkets and have been published in leading property and multidisciplinary journals in the US and UK such as the Journal of Real Estate Finance & Economics, Housing Studies, Habitat International, Journal of Cleaner Production, Energy Policy, Transportation, Accounting and Finance, and Journal of Property Investment and Finance. He also successfully completed (or is currently working on) numerous externally funded research projects from the property industry in Australia such as the Australian Housing and Urban Research Institute (AHURI), Transport for NSW, Australian Property Institute, and overseas such as European Public Real Estate Association (EPRA) and European Association for Investors in Non-Listed Real Estate Vehicle (INREV). He also received numerous awards to recognise his contributions to property research such as the Australian Property Institute Achiever (Early Career Researcher) Award in 2015.

E-mail
chyilin.lee@unsw.edu.au
  • Books | 2015
    2015, The opportunity of residential property investment vehicles in enhancing affordable rental housing supply
  • Book Chapters | 2018
    2018, 'Oceania', in The Routledge REITs Research Handbook, Routledge, pp. 257 - 278
  • Journal articles | 2023
    2023, 'Building a predictive machine learning model of gentrification in Sydney', Cities, 134, http://dx.doi.org/10.1016/j.cities.2023.104192
    Journal articles | 2023
    2023, 'Client influence in property valuation: a scoping literature review', Property Management, http://dx.doi.org/10.1108/PM-09-2022-0061
    Journal articles | 2023
    2023, 'Implementing a deep-learning model using Google street view to combine social and physical indicators of gentrification', Computers, Environment and Urban Systems, 102, pp. 101970 - 101970, http://dx.doi.org/10.1016/j.compenvurbsys.2023.101970
    Journal articles | 2023
    2023, 'Spatial connectivity and house price diffusion: The case of Greater Sydney and the regional cities and centres of new south wales (NSW) in Australia', Habitat International, 132, http://dx.doi.org/10.1016/j.habitatint.2022.102740
    Journal articles | 2023
    2023, 'The Unintended Consequences of COVID-19 Economic Responses on First Home Buyers? Evidence from New South Wales, Australia', Buildings, 13, pp. 1203 - 1203, http://dx.doi.org/10.3390/buildings13051203
    Journal articles | 2023
    2023, 'The determinants of homeownership affordability in Greater Sydney: evidence from a submarket analysis', Housing Studies, 38, pp. 206 - 232, http://dx.doi.org/10.1080/02673037.2021.1879995
    Journal articles | 2022
    2022, 'Housing price bubbles in Greater Sydney: evidence from a submarket analysis', Housing Studies, 37, pp. 143 - 178, http://dx.doi.org/10.1080/02673037.2020.1803802
    Journal articles | 2022
    2022, 'Listed real estate futures trading, market efficiency, and direct real estate linkages: International evidence', Journal of International Money and Finance, 127, pp. 102693 - 102693, http://dx.doi.org/10.1016/j.jimonfin.2022.102693
    Journal articles | 2022
    2022, 'Spatial Variability of the ‘Airbnb Effect’: A Spatially Explicit Analysis of Airbnb’s Impact on Housing Prices in Sydney', ISPRS International Journal of Geo-Information, 11, pp. 65 - 65, http://dx.doi.org/10.3390/ijgi11010065
    Journal articles | 2022
    2022, 'The COVID-19 Sentiment and Office Markets: Evidence from China', Buildings, 12, pp. 2100 - 2100, http://dx.doi.org/10.3390/buildings12122100
    Journal articles | 2022
    2022, 'The Reflection of Income Segregation and Accessibility Cleavages in Sydney’s House Prices', ISPRS International Journal of Geo-Information, 11, http://dx.doi.org/10.3390/ijgi11070413
    Journal articles | 2022
    2022, 'The Role of Mandatory Building Efficiency Disclosure on Green Building Price Premium: Evidence from Australia', Buildings, 12, pp. 297 - 297, http://dx.doi.org/10.3390/buildings12030297
    Journal articles | 2022
    2022, 'The value of air quality in housing markets: A comparative study of housing sale and rental markets in China', Energy Policy, 160, http://dx.doi.org/10.1016/j.enpol.2021.112601
    Journal articles | 2022
    2022, 'Thermal performance of retrofitted secondary glazed windows in residential buildings – two cases from Australia', Smart and Sustainable Built Environment, 11, pp. 1182 - 1192, http://dx.doi.org/10.1108/SASBE-03-2021-0050
    Journal articles | 2021
    2021, 'A framework for developing green building rating tools based on Pakistan’s local context', Buildings, 11, pp. 202 - 202, http://dx.doi.org/10.3390/buildings11050202
    Journal articles | 2021
    2021, 'Barriers, drivers and prospects of the adoption of artificial intelligence property valuation methods in practice', Pacific Rim Property Research Journal, 27, pp. 89 - 106, http://dx.doi.org/10.1080/14445921.2021.2001724
    Journal articles | 2021
    2021, 'CEO overconfidence and corporate governance in affecting Australian listed construction and property firms’ trading activity', Sustainability (Switzerland), 13, http://dx.doi.org/10.3390/su131910920
    Journal articles | 2021
    2021, 'Editorial for special issue on infrastructure and real estate', Journal of Property Investment and Finance, 39, pp. 181 - 182, http://dx.doi.org/10.1108/JPIF-04-2021-174
    Journal articles | 2021
    2021, 'Macro-Impacts of Air Quality on Property Values in China—A Meta-Regression Analysis of the Literature', Buildings, 11, pp. 1 - 25, http://dx.doi.org/10.3390/buildings11020048
    Journal articles | 2021
    2021, 'Perceived benefits of retrofitted residential secondary glazing: an exploratory Australian study', International Journal of Building Pathology and Adaptation, 39, pp. 720 - 733, http://dx.doi.org/10.1108/IJBPA-09-2020-0083
    Journal articles | 2021
    2021, 'The effectiveness of passive land value capture mechanisms in funding infrastructure', Journal of Property Investment and Finance, 39, pp. 283 - 293, http://dx.doi.org/10.1108/JPIF-07-2020-0084
    Journal articles | 2021
    2021, 'Transportation infrastructure improvement and real estate value: impact of level crossing removal project on housing prices', Transportation, 48, pp. 2969 - 3011, http://dx.doi.org/10.1007/s11116-020-10157-1
    Journal articles | 2021
    2021, 'Varying interest rate sensitivity of different property sectors: cross-country evidence from REITs', Journal of Property Investment and Finance, http://dx.doi.org/10.1108/JPIF-09-2020-0099
    Journal articles | 2020
    2020, 'Does corporate green ranking reflect carbon-mitigation performance?', Journal of Cleaner Production, 277, pp. 123601 - 123601, http://dx.doi.org/10.1016/j.jclepro.2020.123601
    Journal articles | 2020
    2020, 'Guest editorial', International Journal of Housing Markets and Analysis, 13, pp. 373, http://dx.doi.org/10.1108/IJHMA-06-2020-127
    Journal articles | 2020
    2020, 'House price diffusion of housing submarkets in Greater Sydney', Housing Studies, 35, pp. 1110 - 1141, http://dx.doi.org/10.1080/02673037.2019.1648772
    Journal articles | 2020
    2020, 'Interest rate sensitivity in european public real estate markets', Journal of Real Estate Portfolio Management, 25, pp. 138 - 150, http://dx.doi.org/10.1080/10835547.2020.1803694
    Journal articles | 2020
    2020, 'Smart Digital Marketing Capabilities for Sustainable Property Development: A Case of Malaysia', Sustainability, 12, http://dx.doi.org/10.3390/su12135402
    Journal articles | 2020
    2020, 'The added-value role of industrial and logistics REITs in the Pacific Rim region', Journal of Property Investment and Finance, 38, pp. 597 - 616, http://dx.doi.org/10.1108/JPIF-09-2019-0129
    Journal articles | 2019
    2019, 'Guest editorial', International Journal of Housing Markets and Analysis, 12, pp. 825, http://dx.doi.org/10.1108/IJHMA-10-2019-114
    Journal articles | 2019
    2019, 'Modelling housing prices and market fundamentals: evidence from the Sydney housing market', International Journal of Housing Markets and Analysis, 12, pp. 746 - 762, http://dx.doi.org/10.1108/IJHMA-10-2018-0082
    Journal articles | 2019
    2019, 'Spatial mismatch, enclave effects and employment outcomes for rural migrant workers: Empirical evidence from Yunnan Province, China', Habitat International, 86, pp. 48 - 60, http://dx.doi.org/10.1016/j.habitatint.2019.02.008
    Journal articles | 2019
    2019, 'The asymmetric effect of institutional quality on chinese outward real estate investment', International Journal of Strategic Property Management, 23, pp. 435 - 449, http://dx.doi.org/10.3846/ijspm.2019.10429
    Journal articles | 2019
    2019, 'The differential geography of housing affordability in Sydney: a disaggregated approach', Australian Geographer, 50, pp. 295 - 313, http://dx.doi.org/10.1080/00049182.2018.1559971
    Journal articles | 2019
    2019, 'The significance of residential REITs in Japan as an institutionalised property sector', Journal of Property Investment & Finance, 37, pp. 363 - 379, http://dx.doi.org/10.1108/jpif-03-2019-0036
    Journal articles | 2019
    2019, 'The value-added role of sector-specific REITs in Australia', Pacific Rim Property Research Journal, 25, pp. 49 - 72, http://dx.doi.org/10.1080/14445921.2019.1610593
    Journal articles | 2018
    2018, 'Low-frequency volatility of real estate securities and macroeconomic risk', Accounting and Finance, 58, pp. 311 - 342, http://dx.doi.org/10.1111/acfi.12288
    Journal articles | 2017
    2017, 'An examination of the risk-return relation in the Australian housing market', International Journal of Housing Markets and Analysis, 10, pp. 431 - 449, http://dx.doi.org/10.1108/IJHMA-07-2016-0052
    Journal articles | 2017
    2017, 'Price linkages between Australian housing and stock markets: Wealth effect, credit effect or capital switching?', International Journal of Housing Markets and Analysis, 10, pp. 305 - 323, http://dx.doi.org/10.1108/IJHMA-05-2016-0037
    Journal articles | 2016
    2016, 'Price discovery and volatility transmission in Australian REIT cash and futures markets', International Journal of Strategic Property Management, 20, pp. 113 - 129, http://dx.doi.org/10.3846/1648715X.2015.1106989
    Journal articles | 2015
    2015, 'The Politics of Foreign Investment in Australian Housing: Chinese Investors, Translocal Sales Agents and Local Resistance', Housing Studies, 30, pp. 730 - 748, http://dx.doi.org/10.1080/02673037.2015.1006185
    Journal articles | 2015
    2015, 'The impact of student characteristics on academic achievement: Findings from an online undergraduate property program', Pacific Rim Property Research Journal, 21, pp. 3 - 14, http://dx.doi.org/10.1080/14445921.2015.1026128
    Journal articles | 2015
    2015, 'The opportunity of unlisted wholesale residential property funds in enhancing affordable housing supply', AHURI Final Report, pp. 1 - 94
    Journal articles | 2014
    2014, 'Do European real estate stocks hedge inflation? Evidence from developed and emerging markets', International Journal of Strategic Property Management, 18, pp. 178 - 197, http://dx.doi.org/10.3846/1648715X.2014.925521
    Journal articles | 2014
    2014, 'Do lunar phases affect US REIT returns?', Investment Analysts Journal, 79, pp. 67 - 78, http://dx.doi.org/10.1080/10293523.2014.11082570
    Journal articles | 2014
    2014, 'Futures Trading, Spot Price Volatility and Market Efficiency: Evidence from European Real Estate Securities Futures', Journal of Real Estate Finance and Economics, 48, pp. 299 - 322, http://dx.doi.org/10.1007/s11146-012-9399-3
    Journal articles | 2014
    2014, 'The Relationship between Housing Market Intervention for First-Time Buyers and House Price Volatility', Housing Studies, 29, pp. 1073 - 1095, http://dx.doi.org/10.1080/02673037.2014.927420
    Journal articles | 2014
    2014, 'The inflation-hedging characteristics of Malaysian residential property', International Journal of Housing Markets and Analysis, 7, pp. 61 - 75, http://dx.doi.org/10.1108/IJHMA-10-2012-0053
    Journal articles | 2013
    2013, 'Volatility Decomposition of Australian Housing Prices', Journal of Housing Research
    Journal articles | 2012
    2012, 'Hedging effectiveness of REIT futures', Journal of Property Investment and Finance, 30, pp. 257 - 281, http://dx.doi.org/10.1108/14635781211223824
    Journal articles | 2012
    2012, 'Influence of the corporate social responsibility factors and financial factors on REIT performance in Australia', Journal of Property Investment and Finance, 30, pp. 389 - 403, http://dx.doi.org/10.1108/14635781211241789
    Journal articles | 2011
    2011, 'Assessing the consistency of valuation-smoothing and the impact on property in Australian mixed-asset portfolios', Pacific Rim Property Research Journal, 17, pp. 463 - 482, http://dx.doi.org/10.1080/14445921.2011.11104337
    Journal articles | 2011
    2011, 'Critical uncertainty factors for efficient allocation of demand risk in privately financed public infrastructure projects in Australia', International Journal of Project Organisation and Management, 3, pp. 243 - 257, http://dx.doi.org/10.1504/IJPOM.2011.042031
    Journal articles | 2011
    2011, 'Exploring australian housing supply', Pacific Rim Property Research Journal, 17, pp. 634 - 651, http://dx.doi.org/10.1080/14445921.2011.11104346
    Journal articles | 2011
    2011, 'Linkages between Malaysian housing prices, property companies and stocks', Pacific Rim Property Research Journal, 17, pp. 287 - 312, http://dx.doi.org/10.1080/14445921.2011.11104329
    Journal articles | 2011
    2011, 'The impact of alternative assets on the role of direct property in australian mixed-asset portfolios', Pacific Rim Property Research Journal, 17, pp. 531 - 559, http://dx.doi.org/10.1080/14445921.2011.11104341
    Journal articles | 2010
    2010, 'Use of derivatives by australian property funds', Pacific Rim Property Research Journal, 16, pp. 151 - 170, http://dx.doi.org/10.1080/14445921.2010.11104299
    Journal articles | 2009
    2009, 'Downside beta and valuation-based property returns', Pacific Rim Property Research Journal, 15, pp. 182 - 203, http://dx.doi.org/10.1080/14445921.2009.11104277
    Journal articles | 2009
    2009, 'Housing price volatility and its determinants', International Journal of Housing Markets and Analysis, 2, pp. 293 - 308, http://dx.doi.org/10.1108/17538270910977572
    Journal articles | 2009
    2009, 'The role of Malaysian securitised real estate in a mixed‐asset portfolio', Journal of Financial Management of Property and Construction, 14, pp. 208 - 230, http://dx.doi.org/10.1108/13664380911000440
    Journal articles | 2009
    2009, 'Volatility transmission in Australian REIT futures', Journal of Real Estate Portfolio Management, 15, pp. 221 - 238
    Journal articles | 2008
    2008, 'An investigation on the risk perceptions of Australian property fund managers', Pacific Rim Property Research Journal, 14, pp. 199 - 221, http://dx.doi.org/10.1080/14445921.2008.11104255
    Journal articles | 2008
    2008, 'Downside beta and the cross-sectional determinants of listed property trust returns', Journal of Real Estate Portfolio Management, 14, pp. 49 - 62
    Journal articles | 2008
    2008, 'Housing in Australia as a portfolio investment', International Journal of Housing Markets and Analysis, 1, pp. 352 - 361, http://dx.doi.org/10.1108/17538270810908641
    Journal articles | 2008
    2008, 'Listed property trusts and downside systematic risk sensitivity', Journal of Property Investment and Finance, 26, pp. 304 - 328, http://dx.doi.org/10.1108/14635780810886627
    Journal articles | 2008
    2008, 'Volatility Spillover in Australian Commercial Property', Pacific Rim Property Research Journal, 14, pp. 434 - 477, http://dx.doi.org/10.1080/14445921.2008.11104267
    Journal articles | 2007
    2007, 'Momentum profits in Australian listed property trusts', Pacific Rim Property Research Journal, 13, pp. 322 - 343, http://dx.doi.org/10.1080/14445921.2007.11104236
  • Patents | 2022
    2022, Digital models and tools for valuation of land and property, Patent No.
    Reports | 2020
    2020, The impact of futures trading on the linkages between listed real estate and direct real estate: International evidence, European Public Real Estate Association, Brussel, Belgium, https://www.epra.com/research/academic-research
    Conference Papers | 2015
    2015, 'Australian Institutional Investors and Residential Investment Vehicles', in Wu Y; Zheng S; Luo J; Wang W; Mo Z; Shan L (eds.), PROCEEDINGS OF THE 20TH INTERNATIONAL SYMPOSIUM ON ADVANCEMENT OF CONSTRUCTION MANAGEMENT AND REAL ESTATE, SPRINGER-VERLAG BERLIN, PEOPLES R CHINA, Hangzhou, pp. 709 - 720, presented at 20th International Symposium on Advancement of Construction Management and Real Estate, PEOPLES R CHINA, Hangzhou, 23 October 2015 - 25 October 2015, http://dx.doi.org/10.1007/978-981-10-0855-9_62
    Conference Papers | 2011
    2011, 'Exploring the volatility pattern of Australian housing supply', in Proceedings of the 16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011, pp. 332 - 336
    Conference Papers | 2011
    2011, 'Monitoring construction projects using information technologies', in Proceedings of the 16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011, pp. 451 - 456
    Conference Papers | 2010
    2010, 'A Critical Analysis of Techniques for Risk Mitigation in the Construction Industry', in Wu D; Xu MZ; Zhang ZJ; Fang Y (eds.), PROCEEDINGS OF THE 1ST INTERNATIONAL CONFERENCE ON SUSTAINABLE CONSTRUCTION & RISK MANAGEMENT, VOLS I AND II, UNIVERSE ACADEMIC PRESS TORONTO, PEOPLES R CHINA, Chongqing Jiaotong Univ, Chongqing, pp. 250 - 254, presented at 1st International Conference on Sustainable Construction and Risk Management, PEOPLES R CHINA, Chongqing Jiaotong Univ, Chongqing, 12 June 2010 - 14 June 2010, https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000280237800043&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=891bb5ab6ba270e68a29b250adbe88d1
    Conference Papers | 2009
    2009, 'The Significance of Second Tier City Housing Markets in China', in Wang YW; Wang YQ; Shen Q (eds.), PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, CHINA ARCHITECTURE & BUILDING PRESS, PEOPLES R CHINA, Beijing, pp. 986 - +, presented at International Conference on Construction and Real Estate Management, PEOPLES R CHINA, Beijing, 05 November 2009 - 06 November 2009, https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000277467500226&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=891bb5ab6ba270e68a29b250adbe88d1
    Conference Papers | 2009
    2009, 'Volatility Spillover in Australian Real Estate Investment Trust Futures', in Wang YW; Wang YQ; Shen Q (eds.), PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, CHINA ARCHITECTURE & BUILDING PRESS, PEOPLES R CHINA, Beijing, pp. 892 - 897, presented at International Conference on Construction and Real Estate Management, PEOPLES R CHINA, Beijing, 05 November 2009 - 06 November 2009, https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000277467500204&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=891bb5ab6ba270e68a29b250adbe88d1

He also successfully completed (or is currently working on) numerous externally funded research projects from the property industry in Australia such as the Australian Housing and Urban Research Institute (AHURI), Transport for NSW, Australian Property Institute, and overseas such as European Public Real Estate Association (EPRA) and European Association for Investors in Non-Listed Real Estate Vehicle (INREV).

He has received more than 10 awards to recognise his contributions to research and teaching and learning, including the Australian Property Institute Achiever (Early Career Researcher) Award in 2015.