Publication Type

Journal Article

Publication Date

10-1989

Abstract

In Singapore, extensive government intervention in the housing market has resulted in much deviation from assumptions made in the simple neoclassical urban models. The monocentric model of urban structure is extended to incorporate a subsidized public housing market in which the government-determined price gradient is flatter than the private housing price gradients. The propositionthat the utility of public housing households varies inversely with residential location distance from the CBD is empirically tested by estimating net returns to public housing using resale market data. It was found that net returns decreased with distance from the CBD.

Keywords

HDB, Housing Policy, Housing Price Gradient, Singapore, real estate, private property, location

Discipline

Asian Studies | Economics | Public Economics

Research Areas

Applied Microeconomics

Publication

Singapore Economic Review

Volume

14

First Page

16

Last Page

32

ISSN

0217-5908

Publisher

World Scientific

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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