Dr. LAM Che Fai, LubanskiLubanskiDr. LAM Che Fai2024-03-182024-03-182018International Journal of Economic Research, 2018, vol. 15(3), pp. 857-863.0972-9380https://serialsjournals.com/abstract/91092_20.pdfhttp://hdl.handle.net/20.500.11861/9074This study examines the relationship of the stock market and the real estate market of Hong Kong to determine whether they are closely correlated, independent or the relation changes over time. The study period is from January 1997 to December 2016. Secondary data drawn from the Heng Seng index (HSI) and Private Domestic Price Indices (PDPI), representing the Hong Kong stock market and the real estate performances respectively, are used for statistical analysis. The Granger Causality test results indicate that these two markets of Hong Kong are bilateral causal and affect each other.enStock MarketReal Estate MarketGranger Causality TestCointegrationPeer Reviewed Journal Article