To study the degree of success of various government measures to maintain house price stability in Singapore by exploring and determining the effectiveness of various interventions using different econometric models. We find that the May 1996 measures which included capital gains taxation had a clear impact on prices and that many of the recent measures such as additional stamp duties and disallowing various financing arrangements appear not to have had a significant effect on housing prices.
Asian Studies | Economics | Public Economics | Real Estate
Finance; Applied Microeconomics
Asian Meeting of the Econometric Society 2013, August 2-4
City or Country
LEE, David K. C.; PHANG, Sock Yong; PHOON, Kok Fai; and WEE, Karol.
Evaluating the effectiveness of cooling measures on property prices: An exploration of alternative econometric techniques. (2013). Asian Meeting of the Econometric Society 2013, August 2-4. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/1736
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