Liu Hongyu
Position:Professor in Real Estate and Construction
Director, Institute of Real Estate Studies
Department of Construction Management
School of Civil Engineering
Address:He Shanheng Building, Tsinghua University, Beijing 100084, P. R. China
Tel:(8610) 62795115
Educational Background
BSc: Sep.1980 – July.1985, Structure Engineering, Tsinghua University
MSc: Sep.1985 – July 1988, Management Engineering, Tsinghua University
Work Experience
2007-: Professor, Department of Construction Management, Tsinghua University
1997-: Director, Institute of Real Estate Studies, Tsinghua University
2016-: Associate Director, Institute for China Sustainable Urbanization, Tsinghua University
2014-: Executive Chairman, Hang Lung Center for Real Estate, Tsinghua University
2010-2014: Director, Hang Lung Center for Real Estate, Tsinghua University
2007-2017 Associate Dean, School of Civil Engineering, Tsinghua University
2000-2007: Professor and Chair, Department of Construction Management, Tsinghua University
1996-2000: Professor, Department of Civil Engineering, Tsinghua University
1992-1996: Associate Professor, Department of Civil Engineering, Tsinghua University
Teaching Courses
1. Real Estate Development and Operation Management
2. Real Estate through Case Studies
3. Professional Ethics in Real Estate and Construction
Research Interests
[1] Real Estate Finance and Investment
[2] Urban and Real Estate Economics
[3] Housing Policy and Land Management
Research Projects
[1] Drivers and Decision Mechanism of Green Housing Supply and Demand: Base on Behaviors of Developers and Buyers, National Nature Science Foundation of China, 2017/01-2020/12, coordinator.
[2] Policies for Advancing Public Housing in Urban China, National Social Science Foundation of China, 2010/01–2015/07, coordinator.
[3] Short-Term Dynamics of Housing Price in Urban China, National Nature Science Foundation of China, 2009/01-2011/12, coordinator.
[4] Research on the Reasonable Development of Real Estate Industry and Social Economy, National Nature Science Foundation of China, 2000/01-2003/08, coordinator.
Professional Service
[1] Fellow and Vice President, China Institute of Real Estate Appraisers and Agents
[2] Executive Director, China Real Estate Association
[3] Chairman, Specialist Committee of Housing Policy, Ministry of Housing and Urban Rural Development
[4] Director, International Real Estate Society
[5] Director, Asian Real Estate Society (Past President 1999/2000)
[6] Executive Director, Global Chinese Real Estate Congress (GCREC)
[7] Fellow, Royal Institution of Chartered Surveyors (UK)
[8] Member of Editorial Board, Journal of Real Estate Research
[9] Co- Executive Editor, International Real Estate Review
Honors and Awards
2014, National Higher Education Teaching Achievement Award Second Prize
2014, State Council Expert for Special Allowance
2011, China Construction Science and Technology Award Second Prize
2008, International Real Estate Society (IRES) Service Award
Academic Achievement
[1] Li ZHANG, Jing WU, Hongyu LIU. Turning green into gold: A review on the economics of green buildings, Journal of Cleaner Production, 2018, 172: 2234-2245. First Online: 2017.11.23. (Available at:
[2] Li ZHANG, Jing WU, Hongyu LIU, Xiaoling ZHANG. The value of going green in the hotel industry: Evidence from Beijing, Real Estate Economics, First Online: 2017.10.31 (Available at:
[3] Li Zhang,Hongyu Liu and JingWu. The price premium for green-labelled housing: Evidence from China. Urban Studies, Urban Studies, 2017, 54(15): 3524–3541.
[4] Li Zhang, Cong Sun, Hongyu Liu, Siqi Zheng. The role of public information in increasing homebuyers’ willingness to pay for green housing: Evidence from Beijing. Ecological Economics, 2016, 129 (C) :40–49.
[5] Zan Yang, Ren Rongrong, Liu Hongyu and Zhang Huan. Land Leasing and Local Government Behavior in China: Evidence from Beijing. Urban Studies, 2015, 52(5): 841-856.
[6] Xiaoyang Guo,Siqi Zheng , David Geltner and Hongyu Liu. A new approach for constructing home price indices: The pseudo repeat sales model and its application in China. Journal of Housing Economics, 2014, 25(C): 20-38.
[7] Jing Wu, Yongheng Deng and Hongyu Liu. House Price Index Construction in the Nascent Housing Market: The Case of China. The Journal of Real Estate Finance and Economics, 2014, 48(3): 522-545.
[8] Guo Xiaoyang, Liu Hongyu. Equilibrium Option Pricing Model Under a Specific System: A View of China’s Housing Boom. Pacific Rim Property Research Journal, 2012, 18 (3):213-330.
[9] Songtao WANG, Zan YANG, Hongyu LIU. Impact of urban economic openness on real estate prices: Evidence from thirty-five cities in China. China Economic Review, 2011, 22 (1): 42-54.
[10] Zheng, Siqi, Matthew E. Kahn and Hongyu Liu. Towards a System of Open Cities in China: Home Prices, FDI Flows and Air Quality in 35 Major Cities. Regional Science and Urban Economics, 2010, 40 (1):1-10.
[11] Shi Nan, Liu Hongyu, Greg Clark, David Webster. Urban Theme: Urban Regeneration of Industrial Areas and Affordable Housing for Low Income Populations in Cities, UK China Sustainable Development Dialogue, Funded by UK Government DEFRA, CLG, UKTI, February 2010
[12] Siqi Zheng, Yuming Fu and Hongyu Liu, Demand for Urban Quality of Living in China: Evolution in Compensating Land-Rent and Wage-Rate Differentials, Journal of Real Estate Finance and Economics (2009) 38 (3):194-213
[13] Zheng Siqi, Fu Yuming and Liu Hongyu, Housing-choice hindrances and urban spatial structure: Evidence from matched location and location-preference data in Chinese cities, Journal of Urban Economics, 2006, 60(3):535–557.
[14] Hung Ying, Liu Hongyu and Liu Lin, Study on the roles and acting mechanism of the real estate brokerage in China second-hand housing market, Journal of Harbin Institute of Technology (New Series), 2006, 13(2):237-241.
[15] Zeng Siqi, Liu Hongyu and Rebecca Lee, Buyer Search and the Role of Broker in an Emerging Housing Market: A Case Study of Guangzhou, Tsinghua Science and Technology, 2006, 11(6):675-685.