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Department of Land Economy

Environment, Law & Economics

Studying at Cambridge


Dr Helen Xiaohui Bao

Dr   Helen Xiaohui Bao

Fellow in Land Economy, Newnham College

Senior Lecturer in Real Estate Finance

Director of International Relations, Department of Land Economy

Office Phone: (01223) 337116

Subject groups/Research projects

Cambridge Real Estate Research Centre:

Key Publications

  1. Helen X. H. Bao (2020). Behavioural Science and Housing Decision Making: A Case Study Approach, London, Routledge, ISBN: 978-0-367-13576-8 (paperback) and 978-0-367-13575-1 (hardback). 
  2. Helen X. H. Bao*, Christina Ling Li and Colin Lizieri (2019). City Profile: Chongqing (1997 – 2017). Cities: The International Journal of Policy and Planning, 94: 161-171. 
  3. Cynthia M. Gong*, Colin Lizieri, and Helen X. H. Bao (2019) “Smarter Information, Smarter Consumers”? Insights into the Housing Market, Journal of Business Research, 97: 51-64.
  4. J. Yan and Helen X. H. Bao* (2018). A Prospect Theory-Based Analysis of Housing Satisfaction with Relocations: Field Evidence from China. Cities: The International Journal of Policy and Planning, 83: 193–202.
  5. Sally Monson, Helen X. H. Bao*, and Colin Lizieri (2018). A Behavioral Interpretation of the NAV Discount Puzzle in Listed Real Estate Companies. Journal of Real Estate Portfolio Management, 24(2): 151-165. 
  6. Y. Deng, Helen X. H. Bao*, and P. Gong (2018). Increased Tail Dependence in Global Public Real Estate MarketsInternational Real Estate Review. 21(2): 145 – 168. 
  7. Y. Xu, X. Huang*, Helen X. H. Bao, X. Ju, T. Zhong, Z. Chen, and Y. Zhou (2018). Rural Land Rights Reform and Agro-environmental Sustainability: Empirical Evidence from China. Land Use Policy, 74: 73 - 87. 
  8. M. Wang and Helen X. H. Bao* (2018). Mega-event Effects on the Housing Market: Evidence from the Beijing 2008 Olympic Games. Cities: The International Journal of Policy and Planning, 72: 207 - 216.
  9. Helen X. H. Bao* and Charlotte C. Meng (2017). Loss Aversion and Housing Studies. Journal of Real Estate Literature, 25(1):49 - 75.
  10. Helen X. H. Bao* and Cynthia, M. Gong (2017). Reference-dependent Analysis of Capital Structure and REIT Performance. Journal of Behavioral and Experimental Economics, 69: 38–49.
  11. Helen X. H. Bao*, Charlotte C. Meng and Jing Wu. (2017). Are We Humans or Are We Econs? - The Effect of Sunk Cost Fallacy in Real Estate Development DecisionsJournal of Real Estate Practice and Education, 20(1): 51-62.
  12. Helen X. H. Bao* and Steven H. Li. (2017). House Price Determinants: The Roles of Fundamentals and SentimentsJournal of Real Estate Practice and Education, 20(1): 63-77. 
  13. Md Morshed Alam*, Helen X. H. Bao, P.X.W. Zou, and Jay Sanjayan (2017). Behavior Change of Building Users and Energy Consumption, in Reference Module in Earth Systems and Environmental Sciences (Ed. Scott A. Elias), Elsevier, ISBN: 978-0-12-409548-9. 
  14. Helen X. H. Bao* and Steven H. Li (2016). Overconfidence and Real Estate Investment: A Critical Review of the Literature. The Singapore Economic Review, 61(4):1650015.
  15. Helen X. H. Bao* and Cynthia, M. Gong (2016). Endowment Effect and Housing Decisions. International Journal of Strategic Property Management, 20(4):341-353.
  16. F. Xia, Y. Shen, J. Yan, and Helen X. H. Bao* (2016). On the Potential of Urban Three-dimensional Space Development: The Case of Liuzhou, China, Habitat International, 51:48-58.
  17. F. Xu, Helen X. H. Bao, H. Li*, Mei-Po Kwan, and X. Huang (2016) Land Use Policy and Spatiotemporal Changes in the Water Area of an Arid RegionLand Use Policy, 54:366-377.
  18. J. Yan, F. Xia and Helen X. H. Bao* (2015). Strategic Planning Framework for Land Consolidation in China: A Top-level Design Based on SWOT Analysis, Habitat International, 48: 46 – 54.
  19. M. Wang, Helen X. H. Bao* and P. Lin (2015). Behavioural Insights into Housing Relocation Decisions: The Effects of the Beijing Olympics, Habitat International, 47: 20-28.
  20. H. Li*, X. Huang, M. Kwan, Helen X. H. Bao and S. Jefferson (2015). Real Changes in Farmers’ Welfare from Land Requisition in the Process of Rapid Urbanization, Land Use Policy, 42: 635 – 641.
  21. Helen X. H. Bao*, P. Gong and B. Yang. (2015). Real Estate Investment Trust Returns: Predictability and DeterminantsJournal of Real Estate Practice and Education, 18(1): 107 – 115.
  22. L. Feng, Helen X. H. Bao* and Y. Jiang (2014). Land Reallocation Reform in Rural China: A Behavioral Economics Perspective, Land Use Policy, 41: 246 – 259. 
  23. Helen X. H. Bao*, J. L. Glascock, S. Z. Zhou & L. Feng (2014). Land Value Determination in an Emerging Market: Empirical Evidence from China, International Journal of Managerial Finance, 10(2): 180-199.
  24. Helen X. H. Bao* and L. Feng. (2014). Land Market in Beijing: Goldmine or Landmine? Journal of Real Estate Practice and Education, 17(1): 79 – 86.
  25. Helen X. H. Bao*(2014). Regression Analysis in Planning Research, in The Routledge Handbook of Planning Research Methods (Eds. Elisabete Silva, Patsy Healey, Neil Harris and Pieter Van den Broeck), Taylor and Francis, ISBN: 978-0-415-72795-2.
  26. L. Brogan.and Helen X. H. Bao* (2011). Real Estate Investment in Guernsey’s Two-tiered Housing Market, Journal of Real Estate Practice and Education, 2011, 14(2): 155 – 166. 
  27. Helen X. H. Bao* and M. Wang. (2010). The Impact of the 2008 Olympic Games on Residential Property Prices in Wangjing, Beijing, Journal of Real Estate Practice and Education, 13(1): 71-86.
  28. J. Yan*, L. Feng and Helen X. H. Bao (2010). Housing Price Dynamics: Evidence from Beijing, Frontiers of Economics in China, 5(1):52-68.
  29. Y. Tu* and Helen X. H. Bao (2009). Property Rights and Housing Value: the Impacts of Political Instability, Real Estate Economics 37(2):235-257.
  30. S. Z. Zhou* and Helen X. H. Bao (2009). Modeling Price Dynamics in the Hong Kong Property Markets, Theoretical and Empirical Researches in Urban Management Journal, 1S: 8-26.
  31. Helen X. H. Bao* and S. Z. Zhou (2008). The Land Market in Hong Kong: Price Index and the Relationship with the Property MarketJournal of Real Estate Practice and Education, 11(2): 187 – 204. 
  32. Helen X. H. Bao*  and P. D. Sweeney. (2008). Hedonic Valuation of Schooling in UK: The Case of Hertford Town, Journal of Real Estate Practice and Education, 11(1): 75 – 94.
  33. Helen X. H. Bao* and A. T. K. Wan (2007). Improved Estimators of Hedonic Housing Price Models, Journal of Real Estate Research, 29(3): 267-301.
  34. Helen X. H. Bao and A. T. K. Wan* (2004). On the Use of Spline Smoothing in Estimating Hedonic Housing Price Models: Empirical Evidence Using Hong Kong Data, Real Estate Economics, 32 (3): 487 - 507.

*: Corresponding Author

Other Publications

Publications in Chinese

  1. Jin Ye*, Jingxiong Wu, Helen X. H. Bao, and Xuan Gu (2018). Lessons from the Participation Loan Market in the US, China Banking, 11:52 - 54.
  2. Jin Ye*, Helen X. H. Bao, Liangqi Wu, and Ting Jin (2017). Financial Policy Decisions under China’s New Normal, Review of Economic Research, 2017(38):47 – 52.
  3. Jin Ye*, Helen X. H. Bao, Jinfang Shi, and Shuanghe Wang (2016). Local Governments’ Financing Models for Urbanization, China State Finance, 716: 51-52. 
  4. Jin Ye* and Helen X. H. Bao (2016). Structured Finance and Securitization, China Finance, 836: 94-95.
  5. Boli Yang*, Pu Gong, and Helen X. H. Bao. (2016). Research on dynamic correlations among regional real estate markets of Hong Kong, Journal of Systems engineering, 31(2): 178 – 191.
  6. Helen X. H. Bao* (2013). Land Planning Policies and Housing Supply in the UK, China Land Sciences, 27(9): 60-63.
  7. J. L. Glascock, L. Feng, A. Liu, and Helen X. H. Bao*. (2011). A Hedonic Analysis of the Effects of Transport Accessibility on Flat Prices in Hong Kong, Statistics and Decisions, 327(3): 30 - 33.
  8. J. L. Glascock, L. Fan, L. Feng, and Helen X. H. Bao*. (2010). Inflation Hedging Characteristics of Real Estate Assets in Hong Kong, Statistics and Decisions, 301(1):107-109.
  9. Jinhai Yan*, Lei Feng and Helen X. H. Bao (2009). Housing Price Dynamics: Evidence from Beijing, Finance & Trade Economics, 2009(5): 117-123.