Economics at your fingertips  

The effect of localized density on housing prices in Singapore

Eric Fesselmeyer () and Kiat Ying Sky Seah

Regional Science and Urban Economics, 2018, vol. 68, issue C, 304-315

Abstract: This paper measures how localized residential density impacts housing prices in Singapore. Using exogenous variation in residential density, we find that an increase in density causes non-trivial decreases in property values: a 10% increase in density decreases price per square foot by between 1.3% and 2%. To the best of our knowledge, ours is the first paper to measure this effect.

Keywords: Density; Willingness-to-pay; Land-use policy; Compact city (search for similar items in EconPapers)
JEL-codes: R20 R21 R38 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.regsciurbeco.2017.12.002

Access Statistics for this article

Regional Science and Urban Economics is currently edited by D.P McMillen and Y. Zenou

More articles in Regional Science and Urban Economics from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-11-21
Handle: RePEc:eee:regeco:v:68:y:2018:i:c:p:304-315