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Professor Chyi Lin Lee

Professor Chyi Lin Lee

Professor

He received his PhD from the University of Melbourne. 

Arts, Design & Architecture (ADA)
School of Built Environment

Professor Chyi Lin Lee is a Professor of Property at the University of New South Wales. His housing and property investment research has been presented at various international conferences and 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, Cities, Computers, Environment and Urban Systems, Energy Policy, Transportation, and Journal of International Money and Finance. He also 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 for his contributions to property research, such as the Australian Property Institute Achievement (Early Career Researcher) Award in 2015.

E-mail
chyilin.lee@unsw.edu.au
  • Books | 2015
    Newell G; Lee CL; Kupke V, 2015, The opportunity of residential property investment vehicles in enhancing affordable rental housing supply
  • Book Chapters | 2018
    Lee CL, 2018, 'Oceania', in The Routledge REITs Research Handbook, Routledge, pp. 257 - 278
  • Journal articles | 2025
    Fan Y; Gao M; Bi L; Lee CL; Yin G, 2025, 'Land rights, resource allocation and urban settlement choices of migrant workers in Yunnan, Western China', Land Use Policy, 148,
    Journal articles | 2024
    Adilieme CM; Abidoye RB; Lee CL, 2024, 'Barriers and prospects for the adoption of blockchain technology in property valuation', Journal of European Real Estate Research, ahead-of-print,
    Journal articles | 2024
    Adilieme CM; Abidoye RB; Lee CL, 2024, 'Reducing clients’ influence in property valuation: An exploration of a blockchain-based solution', Habitat International, 154, pp. 103217 - 103217,
    Journal articles | 2024
    Bangura M; Lee CL, 2024, 'Entry affordability of employment types: Evidence along the theory of full-time and part-time wage differentials', Cities, 153,
    Journal articles | 2024
    Lee CL; Liang J, 2024, 'The effect of carbon regulation initiatives on corporate ESG performance in real estate sector: International evidence', Journal of Cleaner Production, 453, pp. 142188 - 142188,
    Journal articles | 2024
    Lee CL; Yam S; Susilawati C; Blake A, 2024, 'The Future Property Workforce: Challenges and Opportunities for Property Professionals in the Changing Landscape', Buildings, 14,
    Journal articles | 2024
    Pan L; Li Y; Fu X; Lee CL, 2024, 'Carbon management and the global value chain: have carbon emissions been reduced?', Sustainability Accounting, Management and Policy Journal, 15, pp. 382 - 411,
    Journal articles | 2024
    Soltani A; Lee CL, 2024, 'The non-linear dynamics of South Australian regional housing markets: A machine learning approach', Applied Geography, 166,
    Journal articles | 2023
    Adilieme CM; Abidoye RB; Lee CL, 2023, 'Client influence in property valuation in Nigeria: a valuer-banker perspective and fuzzy DEMATEL study', Journal of Property Investment and Finance, 42, pp. 223 - 246,
    Journal articles | 2023
    Adilieme CM; Abidoye RB; Lee CL, 2023, 'Client influence in property valuation: a scoping literature review', Property Management,
    Journal articles | 2023
    Bangura M; Lee CL; Schafer B, 2023, 'The Unintended Consequences of COVID-19 Economic Responses on First Home Buyers? Evidence from New South Wales, Australia', Buildings, 13,
    Journal articles | 2023
    Bangura M; Lee CL, 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,
    Journal articles | 2023
    Bangura M; Lee CL, 2023, 'The determinants of homeownership affordability in Greater Sydney: evidence from a submarket analysis', Housing Studies, 38, pp. 206 - 232,
    Journal articles | 2023
    Bangura M; Lee CL, 2023, 'The impact of negative gearing on the investment decisions of housing investors: the case of Greater Sydney', Journal of Housing and the Built Environment, 39,
    Journal articles | 2023
    Bangura M; Lee CL, 2023, 'Urbanisation and housing finance nexus: Evidence from Australia', Habitat International, 139,
    Journal articles | 2023
    Thackway W; Ng M; Lee CL; Pettit C, 2023, 'Building a predictive machine learning model of gentrification in Sydney', Cities, 134, pp. 104192,
    Journal articles | 2023
    Thackway W; Ng M; Lee CL; Pettit C, 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,
    Journal articles | 2022
    Bangura M; Lee CL, 2022, 'Housing price bubbles in Greater Sydney: evidence from a submarket analysis', Housing Studies, 37, pp. 143 - 178,
    Journal articles | 2022
    Bulut MB; Wilkinson S; Khan A; Jin XH; Lee CL, 2022, 'Thermal performance of retrofitted secondary glazed windows in residential buildings – two cases from Australia', Smart and Sustainable Built Environment, 11, pp. 1182 - 1192,
    Journal articles | 2022
    Lee CL; Gumulya N; Bangura M, 2022, 'The Role of Mandatory Building Efficiency Disclosure on Green Building Price Premium: Evidence from Australia', Buildings, 12, pp. 297,
    Journal articles | 2022
    Lee CL; Stevenson S; Cho H, 2022, 'Listed real estate futures trading, market efficiency, and direct real estate linkages: International evidence', Journal of International Money and Finance, 127, pp. 102693,
    Journal articles | 2022
    Ng MKM; Roper J; Lee CL; Pettit C, 2022, 'The Reflection of Income Segregation and Accessibility Cleavages in Sydney’s House Prices', ISPRS International Journal of Geo-Information, 11, pp. 413,
    Journal articles | 2022
    Thackway WT; Ng MKM; Lee CL; Shi V; Pettit CJ, 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,
    Journal articles | 2022
    Wang J; Lee CL, 2022, 'The value of air quality in housing markets: A comparative study of housing sale and rental markets in China', Energy Policy, 160, pp. 112601,
    Journal articles | 2022
    Wang S; Lee CL; Song Y, 2022, 'The COVID-19 Sentiment and Office Markets: Evidence from China', Buildings, 12, pp. 2100,
    Journal articles | 2021
    Abidoye R; Ma J; Lee CL, 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,
    Journal articles | 2021
    Bulut M; Wilkinson S; Khan A; Jin XH; Lee CL, 2021, 'Perceived benefits of retrofitted residential secondary glazing: an exploratory Australian study', International Journal of Building Pathology and Adaptation, 39, pp. 720 - 733,
    Journal articles | 2021
    Hijjawi M; Lee CL; Marzuki J, 2021, 'CEO overconfidence and corporate governance in affecting Australian listed construction and property firms’ trading activity', Sustainability (Switzerland), 13,
    Journal articles | 2021
    Khan MA; Wang CC; Lee CL, 2021, 'A framework for developing green building rating tools based on Pakistan’s local context', Buildings, 11, pp. 202,
    Journal articles | 2021
    Lee CL; Locke M, 2021, 'The effectiveness of passive land value capture mechanisms in funding infrastructure', Journal of Property Investment and Finance, 39, pp. 283 - 293,
    Journal articles | 2021
    Liang J; Koo KM; Lee CL, 2021, 'Transportation infrastructure improvement and real estate value: impact of level crossing removal project on housing prices', Transportation, 48, pp. 2969 - 3011,
    Journal articles | 2021
    Lin Y-C; Lee CL; Newell G, 2021, 'Varying interest rate sensitivity of different property sectors: cross-country evidence from REITs', Journal of Property Investment and Finance, 40, pp. 68 - 98,
    Journal articles | 2021
    Ong SE; Lee CL, 2021, 'Editorial for special issue on infrastructure and real estate', Journal of Property Investment and Finance, 39, pp. 181 - 182,
    Journal articles | 2021
    Wang J; Lee CL; Shirowzhan S, 2021, 'Macro-Impacts of Air Quality on Property Values in China—A Meta-Regression Analysis of the Literature', Buildings, 11, pp. 1 - 25,
    Journal articles | 2020
    Akimov A; Lee CL; Stevenson S, 2020, 'Interest rate sensitivity in european public real estate markets', Journal of Real Estate Portfolio Management, 25, pp. 138 - 150,
    Journal articles | 2020
    Bangura M; Lee CL, 2020, 'House price diffusion of housing submarkets in Greater Sydney', Housing Studies, 35, pp. 1110 - 1141,
    Journal articles | 2020
    Guo T; Zha G; Lee CL; Tang Q, 2020, 'Does corporate green ranking reflect carbon-mitigation performance?', Journal of Cleaner Production, 277,
    Journal articles | 2020
    Lee CL, 2020, 'Guest editorial', International Journal of Housing Markets and Analysis, 13, pp. 373,
    Journal articles | 2020
    Lin YC; Lee CL; Newell G, 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,
    Journal articles | 2020
    Low S; Ullah F; Shirowzhan S; Sepasgozar S; Lee CL, 2020, 'Smart Digital Marketing Capabilities for Sustainable Property Development: A Case of Malaysia', Sustainability, 12,
    Journal articles | 2019
    Al-Masum MA; Lee CL, 2019, 'Modelling housing prices and market fundamentals: evidence from the Sydney housing market', International Journal of Housing Markets and Analysis, 12, pp. 746 - 762,
    Journal articles | 2019
    Bangura M; Lee CL, 2019, 'The differential geography of housing affordability in Sydney: a disaggregated approach', Australian Geographer, 50, pp. 295 - 313,
    Journal articles | 2019
    Bi L; Fan Y; Gao M; Lee CL; Yin G, 2019, 'Spatial mismatch, enclave effects and employment outcomes for rural migrant workers: Empirical evidence from Yunnan Province, China', Habitat International, 86, pp. 48 - 60,
    Journal articles | 2019
    Lee CL, 2019, 'Guest editorial', International Journal of Housing Markets and Analysis, 12, pp. 825,
    Journal articles | 2019
    Lin YC; Cho H; Lee CL, 2019, 'The value-added role of sector-specific REITs in Australia', Pacific Rim Property Research Journal, 25, pp. 49 - 72,
    Journal articles | 2019
    Lin YC; Lee CL; Newell G, 2019, 'The significance of residential REITs in Japan as an institutionalised property sector', Journal of Property Investment & Finance, 37, pp. 363 - 379,
    Journal articles | 2019
    Zhang J; Lee CL; Chan N, 2019, 'The asymmetric effect of institutional quality on chinese outward real estate investment', International Journal of Strategic Property Management, 23, pp. 435 - 449,
    Journal articles | 2018
    Lee CL; Stevenson S; Lee ML, 2018, 'Low-frequency volatility of real estate securities and macroeconomic risk', Accounting and Finance, 58, pp. 311 - 342,
    Journal articles | 2017
    Lee CL, 2017, 'An examination of the risk-return relation in the Australian housing market', International Journal of Housing Markets and Analysis, 10, pp. 431 - 449,
    Journal articles | 2017
    Lee MT; Lee CL; Lee ML; Liao CY, 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,
    Journal articles | 2016
    Lee MT; Kuo SH; Lee ML; Lee CL, 2016, 'Price discovery and volatility transmission in Australian REIT cash and futures markets', International Journal of Strategic Property Management, 20, pp. 113 - 129,
    Journal articles | 2015
    Lee CL; Mallik G, 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,
    Journal articles | 2015
    Newell G; Lee CL; Kupke V, 2015, 'The opportunity of unlisted wholesale residential property funds in enhancing affordable housing supply', AHURI Final Report, pp. 1 - 94
    Journal articles | 2015
    Rogers D; Lee CL; Yan D, 2015, 'The Politics of Foreign Investment in Australian Housing: Chinese Investors, Translocal Sales Agents and Local Resistance', Housing Studies, 30, pp. 730 - 748,
    Journal articles | 2014
    Lee CL; Lee ML, 2014, 'Do European real estate stocks hedge inflation? Evidence from developed and emerging markets', International Journal of Strategic Property Management, 18, pp. 178 - 197,
    Journal articles | 2014
    Lee CL; Reed RG, 2014, 'The Relationship between Housing Market Intervention for First-Time Buyers and House Price Volatility', Housing Studies, 29, pp. 1073 - 1095,
    Journal articles | 2014
    Lee CL; Stevenson S; Lee ML, 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,
    Journal articles | 2014
    Lee CL, 2014, 'The inflation-hedging characteristics of Malaysian residential property', International Journal of Housing Markets and Analysis, 7, pp. 61 - 75,
    Journal articles | 2014
    Lee MT; Lee ML; Chiu BH; Lee CL, 2014, 'Do lunar phases affect US REIT returns?', Investment Analysts Journal, 79, pp. 67 - 78,
    Journal articles | 2013
    Lee CL, 2013, 'Volatility Decomposition of Australian Housing Prices', Journal of Housing Research
    Journal articles | 2012
    Lee CL; Lee ML, 2012, 'Hedging effectiveness of REIT futures', Journal of Property Investment and Finance, 30, pp. 257 - 281,
    Journal articles | 2012
    Newell G; Lee CL, 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,
    Journal articles | 2011
    Jin XH; Lee CL; Zhang G, 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,
    Journal articles | 2011
    Lee CL; Hwa TK, 2011, 'Linkages between Malaysian housing prices, property companies and stocks', Pacific Rim Property Research Journal, 17, pp. 287 - 312,
    Journal articles | 2011
    Lee CL; Jin XH, 2011, 'Exploring australian housing supply', Pacific Rim Property Research Journal, 17, pp. 634 - 651,
    Journal articles | 2011
    Newell G; Lee CL, 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,
    Journal articles | 2011
    Newell G; Lee CL, 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,
    Journal articles | 2010
    Lin Lee C, 2010, 'Use of derivatives by australian property funds', Pacific Rim Property Research Journal, 16, pp. 151 - 170,
    Journal articles | 2009
    Lee CL; Hwa Ting K, 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,
    Journal articles | 2009
    Lee CL, 2009, 'Downside beta and valuation-based property returns', Pacific Rim Property Research Journal, 15, pp. 182 - 203,
    Journal articles | 2009
    Lee CL, 2009, 'Volatility transmission in Australian REIT futures', Journal of Real Estate Portfolio Management, 15, pp. 221 - 238
    Journal articles | 2009
    Lin Lee C, 2009, 'Housing price volatility and its determinants', International Journal of Housing Markets and Analysis, 2, pp. 293 - 308,
    Journal articles | 2008
    Lee CL; Reed R; Robinson J, 2008, 'An investigation on the risk perceptions of Australian property fund managers', Pacific Rim Property Research Journal, 14, pp. 199 - 221,
    Journal articles | 2008
    Lee CL; Robinson J; Reed R, 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
    Lee CL; Robinson J; Reed R, 2008, 'Listed property trusts and downside systematic risk sensitivity', Journal of Property Investment and Finance, 26, pp. 304 - 328,
    Journal articles | 2008
    Lee CL, 2008, 'Volatility Spillover in Australian Commercial Property', Pacific Rim Property Research Journal, 14, pp. 434 - 477,
    Journal articles | 2008
    Lin Lee C, 2008, 'Housing in Australia as a portfolio investment', International Journal of Housing Markets and Analysis, 1, pp. 352 - 361,
    Journal articles | 2007
    Lee CL; Reed R; Robinson J, 2007, 'Momentum profits in Australian listed property trusts', Pacific Rim Property Research Journal, 13, pp. 322 - 343,
  • Reports | 2023
    Soundararaj B; Chyi Lin L; Christopher P; Ali S; Mohammed H; Pettit C; Lee CL, 2023, Towards understanding the dynamics of the Regional Property markets of Australia, ,
    Patents | 2022
    Pettit C; Randolph B; Han H; Lee CL; Shi Y; Ng M; Soundararaj B; Lu Y; Gao Q; Jayasekare A, 2022, Digital models and tools for valuation of land and property, Patent No.
    Preprints | 2021
    Ng MKM; Roper J; Pettit C; Lee CL, 2021, The Reflection of Income Segregation and Accessibility Cleavages in Sydney’s House Prices,
    Preprints | 2021
    Thackway W; Ng MKM; Lee CL; Pettit C, 2021, Building a predictive machine learning model of gentrification in Sydney,
    Preprints | 2021
    Thackway W; Ng MKM; Lee CL; Shi V; Pettit C, 2021, Spatial Variability of the ‘Airbnb Effect’: A Spatially Explicit Analysis of Airbnb's impact on Housing Prices in Sydney,
    Reports | 2020
    Lee CL; Stevenson S; Cho H, 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,
    Conference Papers | 2019
    Lee C; Bangura M, 2019, 'The Determinants of Housing Affordability in Greater Sydney: Evidence from a Submarket Analysis', in 26th Annual European Real Estate Society Conference, European Real Estate Society, presented at 26th Annual European Real Estate Society Conference,
    Conference Papers | 2018
    Khan A; Wilkinson S; Lee CL; Jin X, 2018, 'THE RELATIONSHIP BETWEEN RETROFITTED DOUBLE GLAZED WINDOWS AND OCCUPANT WELLBEING', in ZEMCH International Conference, pp. 521 - 529
    Conference Papers | 2015
    Lee CL; Newell G; Kupke V, 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,
    Conference Papers | 2011
    Jin X; Lee CL; Zhang G; Yang RJ, 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 | 2011
    Lee CL; Jin X, 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 | 2010
    Jin X-H; Lee CL, 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,
    Conference Papers | 2009
    Lee CL, 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,
    Conference Papers | 2009
    Wu H; Lee CL; Chan N, 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,
  • Media | 2022
    Lee CL, 2022, China's property sector,
    Media | 2019
    Lee CL; Liang J; Koo K, 2019, Rail works lift property prices, pointing to value capture’s potential to fund city infrastructure, The Conversation, ,
    Media | 2019
    Lee CL, 2019, Head start for home owners makes a big difference for housing stress, ,
    Media | 2019
    Youqing F; Li B; Lee CL, 2019, Affordable housing lessons from Sydney, Hong Kong and Singapore: 3 keys to getting the policy mix right, The Conversation,
    Media | 2018
    Lee CL; Piracha A; Fan Y, 2018, Another tale of two cities: access to jobs divides Sydney along the ‘latte line’, The Conversation, ,
    Media | 2018
    Lee CL, 2018, How Sydney's latte line is splitting the workforce, , https://www.smh.com.au/national/nsw/how-sydney-s-latte-line-is-splitting-the-workforce-20180625-p4znl0.html#:~:text=Sydney's%20''latte%20line'',airport%20north-west%20through%20Parramatta.
    Media | 2017
    Lee CL, 2017, How to tell when the housing market is slowing, The Conversation, ,
    Media | 2017
    Lee CL, 2017, Investors are exploiting returns on debt financing to muscle out home buyers, ,

He has received more than $ 4 million in research grants. He has 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 over ten awards for his research, teaching and learning contributions, including the Australian Property Institute Achievement (Early Career Researcher) Award 2015.