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Title: The price structure of private property in Singapore : A hedonic price approach
Authors: Chee Meng On
Keywords: DRNTU::Business
Issue Date: 1997
Abstract: This paper analyses the price structure of the condominium market in Singapore. The objective is two-fold : (I) To identify periods of stable buying behaviour and determine the amount of pure inflation over such periods ; and (II) To gain insight into the consumers' buying behaviour of condominiums, and how the valuations of its qualities have changed over time. The period considered stretches from 3Qtr 94 to 3 Qtr 96. The database is constructed using price and floor area information obtained from URA Real Estate Statistical Series : Prices and Rental Indices, combined with information from other published sources on the characteristics of the condominiums. A stability test is performed using quarter-to-quarter breakpoint analysis (the Chow's Breakpoint Test) to identify periods with stable consumption pattern (i.e. implicit quality prices for consecutive quarters do not appear to be statistically different).
Description: 40 p.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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