MacaoRealEstatePricingIndexStructuringMethod如何构建澳门.PDFVIP

Finance 金融, 2012, 2, 131-137 /10.12677/fin.2012.23014 Published Online July 2012 (/journal/fin) Macao Real Estate Pricing Index Structuring Method Xu Wang Bank of China (Macao Branch), Macao Email: wangchenxu@ Received: Apr. 21st, 2012; revised: May 14th, 2012; accepted: May 25th, 2012 Abstract: Macao real estate market is small, its price changes by external factors showed high-frequency oscillation, thereby increasing bank lending, government regulation, and other difficulties. This paper describes how to structure the real estate pricing index for Macao SAR. This method was developed, mainly based on the hedonic method for real estate pricing index structuring, the advantage of which is to be able to reflect changes in the implied value of the house price (e.g., characteristics) to changes in demand and supply of real estate in Macao SAR. The data collection sources of public housing intermediary “Centaline (Macau)” housing transaction data, this data is correct and timely manner to reflect the Macao real estate transactions. Secondly, the use of smoothing method e.g. moving average to solve the problems of the characteristics of Macao Real Estate Index high frequency due to the lack of environmental characteristics of Macao housing transaction database. Therefore the structuring method is also suitable for other similar cases, such as Hong Kong and Mainland China. Keywords: House Price Index; Hedonic; Macao 如何构建澳门房地产价格指数 王 旭 中国银行澳门分行，澳门 Email: wangchenxu@ 收稿日期：2012 年 4 月 21 日；修回日期：2012 年 5 月 14 日；录用日