The international experiences have shown that real estate prices are closely related to the quality of financial assets and the stability of financial market in market economies. Instability of the property market may directly lead to real estate financial market turbulence and financial risks, endangering macro-economic stability.
Some of the key challenges faced in this regard are that: (1) universities tend to contribute to theory or empirical research with aims to get published in academic journals, while businesses are constrained by their mandate of profitability; (2) businesses typically work on much shorter deadlines and aim for speedy results, whereas research work is inherently time intensive; (3) not all corporations have sufficient funds to invest in research on product or process innovation, market development, and market intelligence.