Publication Type
Journal Article
Version
publishedVersion
Publication Date
7-2014
Abstract
Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we do find that quality-adjusted price increases and the quality of units purchased decreases over the new sale period. These results suggest that condominium developers allow early buyers to purchase high quality units at discounted prices but do not extend the price discount to later buyers of low quality units. (C) 2014 Elsevier B.V. All rights reserved.
Keywords
Dynamic pricing, Housing markets, Repeated sales method
Discipline
Asian Studies | Real Estate
Research Areas
Applied Microeconomics
Publication
Economics Letters
Volume
124
Issue
1
First Page
147
Last Page
150
ISSN
0165-1765
Identifier
10.1016/j.econlet.2014.04.022
Publisher
Elsevier
Citation
FESSELMEYER, Eric and LIU, Haoming.
Dynamic pricing in the Singapore condominium market. (2014). Economics Letters. 124, (1), 147-150.
Available at: https://ink.library.smu.edu.sg/cis_research_all/2
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
http://doi.org/10.1016/j.econlet.2014.04.022