This paper provides the rst analytical study of the relationship between list price and time on-market (TOM) for high-rise public housing ats strati ed by sub-markets in terms of geographical region and property type. In addition, the effects of macroeconomic variables pertinent to the price discovery process for property markets are analysed. By using data from single listings with one major agency rm to control for brokerage effects, the results obtained in this study are robust to incentive factors arising from rm size, number of listings, commission structure and incentive measures. The key results are that oor level affects the relationship between pricing and TOM, and variations in determinants of TOM exist across sub-markets. Moreover, TOM is in uenced by price movements in both the public and private housing markets, as well as by individual agent effort.