Research and Publications by Dr. Bond
Dr Sandy Bond has published her research in over 30 articles for both national and international property journals and presented her research at conferences worldwide. The following list includes only her most recent articles published and conferences attended. Articles by other authors are included that refer to research conducted about Feng Shui.
(i) Books and Book Chapters
Bond, S. G., Sims, S. and Dent, P. (2013). "Towers, Turbines and Transmission Lines: impacts on property value", Oxford: Wiley-Blackwell, ISBN: 978-1-4443-3007-6.
Bond, S. G. & Worzala, E. M. (2014), "Investing in Green Buildings", in Private Real Estate: Markets and Investments, Eds. K.H. Baker and P. Chinloy, Oxford University Press, New York, Chapter 14, pp.234-255. ISBN: 978-0-19-938875-2.
(ii) Refereed Journal Articles
Bond, S.G. and Dermisi, S. (2015), Using GIS to Measure the Impact of the Canterbury Earthquakes on House Prices in Christchurch, New Zealand, International Journal of Disaster Resilience in the Built Environment, (due for publication).
Bond, S.G. (2013), Assessing New Zealand Householders' Home Use Behaviours: How Energy Efficient Are They? Pacific Rim Property Research Journal, Vol. 19, No. 1, pp.17-41.
Bond, S. G. and Perrett. G. (2012). The Key Drivers and Barriers to the Sustainable Development of Commercial Property in New Zealand, Journal of Sustainable Real Estate, Vol.4, No. 1, pp.48-77.
(iii) Conference Presentations
Bond, S.G. Pacifici, C. and Newman, P.
“Real Estate Agents' Perceptions towards Energy Efficient "green" Housing”,
Real Estate Society Conference,
14-18th April, Sanibel Harbor Marriott, Fort Myers, Florida, USA.
Bond, S.G. "A Tale of Two
Windy Cities: Public Attitudes Towards Wind Farm
Development", Pacific Rim Real Estate Society
Conference, 18-22nd January, Sydney.
Bond, S. G. “Commercial Office Occupiers' Perceptions of Office Market in Post-Earthquake Christchurch, New Zealand”, European Real Estate Society Conference, 3-6 July, Vienna,
Bond, S. G. “Investigating NZ Householders' Energy Use Behavior's”,
Rim Real Estate Society Conference,
April, Big Island, Hawaii, USA.
S. G. & Perrett, G. “Key Drivers and Barriers to the Sustainable Development of Commercial Property in New Zealand", American Real Estate
Society, 17-21 April, St. Petersburg, Florida, USA.
Bond, S.G., Pacifici,C., and Newman, P. “Sustainability in Housing - Perceptions of Real Estate Agents, Building Professionals and Householders", Pacific Rim Real Estate
Society Conference, 17-19 January, Gold Coast, Australia.
Feng Shui Research
The current literature shows that the hedonic pricing model from economic theory has been used extensively to study the attributes affecting the price of property. Such attributes include land area, floor area, number of bedrooms, garaging, air conditioning, age of the building, etc. The hedonic price approach employs multiple regression analysis in order to estimate the implicit prices of each property attribute. Hence, the price of a property is the sum of the implicit prices for each of its attributes.
The hedonic price model has also been employed in the study of the influence of feng shui on housing prices. For example, apartments with lucky floor numbers (e.g. numbers 8, 1, and 6)
have been found to be sold at significantly higher prices, compared to those with unlucky numbers such as 5. The following two articles report this research:
Bond, S.G. (2008). “The Impact of Feng Shui on Residential Property Prices in Western Cultures”, Journal of International Housing Markets and Analysis, vol. 1, no.1, pp. 81-101.
Bourassa, S.C. and Peng, V.S. (1999). “Hedonic Prices and House Numbers: The Influence of Feng Shui”, International Real Estate Review, Vol.2, No.1, pp.79-94.
Chau, K.W., Ma, V.S.M. and Ho, D.C.W. (2001). “The pricing of “luckiness” in the apartment market”. Journal of Real Estate Literature, Vol. 9, No.1, pp. 31-40.
The hedonic price model was also employed to study a number of feng shui-related property attributes, including views of a cemetery, to see what impact this has on prices. It was found that a view of a cemetery had a negative and pronounced impact on price. The following two articles report this research:
Tung-Leong Chin, Chau, K.W., Ng, F.F. (2004). “The impact of the Asian Financial Crisis on the Pricing of Condominiums in Malaysia ”, Journal of Real Estate Literature, Vol.12, Iss.1, pp.33-50.
Tse, R.Y.C, and Love, P.E.D (2000). “Measuring residential property values in Hong Kong ”, Property Management, Vol. 18, Iss. 5, pp. 366 - 375.
A paper was presented at an academic conference that investigated the effect that the bad feng shui of a murder has on the price of the property where the murder was committed. The results showed that not only were the property prices of the incident apartments negatively affected, but the negative impact also extended to nearby apartments. After the murder cases were revealed to the public, the price levels of all the units within the same building of the incident property declined. The magnitude of this negative effect is directly related to distance from the incident property. The effect diminishes as the distance, both horizontal and vertical, increases. Refer to the full results in:
Chau, K.W. (2002). “Murders, externalities, and market efficienciy – empirical evidence from Hong Kong ”, Seventh Annual Pacific Rim Real Estate Society Conference, Christchurch, New Zealand, January 21-23.
The following paper, aimed at the readership of project designers, discusses the importance of taking cultural considerations into account before embarking on design commissions for people of a different culture.
Egger, S. (2000). “When heaven and earth collide: cultural considerations in project design”, Australian Property Journal, August, pp.195-200.