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Title: Private residential property market in Singapore
Authors: Ho, Yee Lin
Lee, Ee Jia
Wee, Boon Hong
Keywords: DRNTU::Business::General::Social aspects
Issue Date: 1994
Abstract: This research aims to give a picture of the private residential property market and helps to explain the current property market situation. Private residential properties prices has been increasing rapidly in the 1990s despite expectations that prices will fall or stabilise. The market is buoyant and speculation has been rampant throughout the period from 1991 to 1993 . Therefore, this research aims to identify the factors affecting the residential property prices in Singapore and to evaluate whether the current property prices is supported by strong fundamentals. The research identifies both the quantifiable and non-quantifiable factors that affect the demand and prices of private residential properties. Quantifiable factors such as interest rates, consumer price index and supply are found to have significant impact on the demand and prices of private residential properties. Non-quantifiable factors such as HDB and CPF policies, HDB upgraders and speculators also have an influential impact on the upsurging property market. A multiple regression is done to test the significance of various factors identified that have an impact on the demand and prices of the private residential properties. Current issues on the private residential property market such as the tender system, government measures to curb speculation and an outlook of the future property market are discussed to give a more detailed picture of the private residential property market.
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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