Professor Desmond Tsang is an Associate Professor of Real Estate at the School of Hotel and Tourism Management at CUHK Business School. He also serves as a Co-Director of the Centre for Hospitality and Real Estate Research. He obtained his PhD from University of California at Berkeley majoring in real estate and accounting. His research in real estate specialises in Real Estate Investment Trusts (REITs), Firm Location, and Chinese Real Estate Market. His research interests in accounting include CEO & Corporate Governance, Earnings Management, and Financial Reporting Fraud. Professor Tsang has published in top journals such as Management Science, Review of Accounting Studies, Real Estate Economics, Journal of Real Estate Research and Journal of Real Estate Finance and Economics. Professor Tsang teaches real estate at the undergraduate, masters, and doctoral levels at CUHK. Professor Tsang is actively involved in the academic profession. Notably, he has hosted the Joint International Real Estate Conference in 2023 and has served as the president of both the Asian Real Estate Society (AsRES) and the Global Chinese Real Estate Congress (GCREC) for the term 2022-2023.

Real Estate

Real Estate Investment Trusts (REITs)
Firm Location
Chinese Real Estate Market
CEO & Corporate Governance
Earnings Management
Financial Reporting Fraud

Alrov Institute of Real Estate Research, with Maggie Hu and Wayne Wan, $NIS 30,000, 2021-2022

CPA Canada – CAAA Financial Accounting, Assurance & Tax Research Grant, with Ming Liu and Jingjing Zhang, $CDN 6,200, 2019-2021

CICA/CAAA Research Grant, with Jing Zhang, $CDN 6,500, 2012-2015

Li Ka Shing Foundation Faculty Exchange Awards, $CDN 10,000, 2015

FQRSC Research Grant, $CDN 36,256, 2010-2013

Real Property Association of Canada (RealPac) Research Grant, with Steve Fortin, $CDN 10,000, 2006

Research

Best Paper Award (First Class), AsRES-GCREC Joint International Real Estate Conference, 2023

Academy of Finance Best in Track Award in Real Estate, Academy of Finance Conference, 2021

Journal of Real Estate Portfolio Management Red Pen Award (for excellence in the review of articles), American Real Estate Society (ARES) Meeting, 2018

Best Paper Award on Innovative Thinking Out of the Box, American Real Estate Society (ARES) Meeting, 2017

Aareal Award of Excellence in Real Estate Research, Real Estate Management Institute and Aareal Bank AG, 2015

Homer Hoyt/ Weimer School of Advanced Studies in Real Estate and Land Economics Post-Doctoral Honoree, 2015

Best Paper Award on Real Estate Investment Trusts, American Real Estate Society (ARES) Meeting, 2013

Best Paper Award, Global Chinese Real Estate Congress (GCREC) Conference, 2011

Best Paper Award, Asian Real Estate Society (AsRES) Annual Meeting, 2010

Best Paper Award, Global Chinese Real Estate Congress (GCREC) Conference, 2010

Best Research Paper Award on REIT Analysis, National Association of Real Estate Investment Trusts (NAREIT) and Baruch College (CUNY), 2009

Best Paper Award by a New Faculty, American Accounting Association (AAA) Northeast Regional Meeting, 2007

Teaching

Faculty Teaching Merit Award, CUHK, 2021-2022

Nominee, BCom Teaching Award for Excellence in Core Teaching, McGill University, 2021

Master of Management in Finance (MMF) Teaching Award, McGill University, 2019

Desautels Faculty of Management Distinguished Teaching Award, McGill University, 2018

RSM Richter Accounting Teaching Fellow, McGill University, 2014-2016

Nominee, Principal’s Prize for Excellence in Teaching – Associate Professor (University-Level), McGill University, 2013

Management Undergraduate Society’s Professor of the Year Award for implications of students’ lives, McGill University, 2012

Desautels Faculty of Management Distinguished Teaching Award, McGill University, 2010

Nominee, Principal’s Prize for Excellence in Teaching – Assistant Professor (University-Level), McGill University, 2009

Academic Organisations

President, Asian Real Estate Society (AsRES), 2022-2023

President, Global Chinese Real Estate Congress (GCREC), 2022-2023

Board of director, International Real Estate Society (IRES), 2022-2025

Board of director, Asian Real Estate Society (AsRES), 2018-2025

Board of director, Global Chinese Real Estate Congress (GCREC), 2012-present

Associate Editor

Journal of Financial Research, 2018-2023

International Real Estate Review, 2020-2023

Asia-Pacific Journal of Accounting and Economics, 2013-2025

Guest Editor (Special Issue: Real Estate & COVID-19)

Journal of Risk and Financial Management, 2020-2022

Editorial Board Member

Journal of Real Estate Literature, 2023-present

Journal of Real Estate Portfolio Management, 2016-2018

Journal of Real Estate (in Chinese), 2013-2016