Government Policies and Private Housing Prices in Singapore
Publication Type
Journal Article
Version
acceptedVersion
Publication Date
11-1997
Abstract
Regression models are used to show that interest rates, income growth rates and the supply of housing have not played a statistically significant role in the determination of private housing prices in Singapore between 1975 and 1994. Instead, private housing prices in Singapore were highly correlated with the prices for public-sector-built housing. Moreover, the timing of government policies relating to the use of compulsory savings for private housing finance purposes, the liberalisation of rules on public housing ownership criterion as well as for housing finance had a significant impact on private housing prices.
Keywords
Housing policy, housing prices, private housing, Singapore, home ownership
Discipline
Asian Studies | Economics | Real Estate
Research Areas
Applied Microeconomics
Publication
Urban Studies
Volume
34
Issue
11
First Page
1819
Last Page
1830
ISSN
0042-0980
Identifier
10.1080/0042098975268
Publisher
SAGE
Citation
PHANG, Sock Yong and WONG, Wing-Keung.
Government Policies and Private Housing Prices in Singapore. (1997). Urban Studies. 34, (11), 1819-1830.
Available at: https://ink.library.smu.edu.sg/soe_research/118
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1080/0042098975268