Public Policies and Public Resale Housing Prices in Singapore

Yong Tu and Grace K.M. Wong ()
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Grace K.M. Wong: Department of Real Estate, National University of Singapore, Singapore 117566, http://www.nus.edu.sg/

International Real Estate Review, 2002, vol. 5, issue 1, 115-132

Abstract: In Singapore, the public resale housing market is an active second-hand housing market, whereby previously subsidised new public housing units were being transacted at market prices. In contrast to the private housing price determinants that have been identified in the international literature, the prices of public resale housing in Singapore are largely determined by public policies rather than by economic variables. This paper provides some empirical evidence on how and to what degree public housing policies affected the price dynamics of public resale housing in Singapore during the 1990s. The findings have additional implications of the wider consequences of public policies on the prices of private housing units.

Keywords: Public; resale; housing; policies; prices; Singapore (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (5)

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