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dc.contributor.authorCHONG, BENEDICT NICHOLAS-
dc.contributor.authorTAN, JADE YIN-
dc.description.abstractThe aim of this paper is to investigate the effects of remaining lease on the resale housing market. In this paper, we test whether there exists a relationship between remaining lease and public housing price (HDB flats) and to what extent the location of these HDB flats will affect the resale price as compared to our baseline. This paper focuses on examining the resale public housing price in Singapore using the hedonic pricing model, while controlling for various lease conditions such as number of rooms and floor area of the HDB flats. Our main finding in this paper is that resale prices do reflect a decreasing trend as the length of remaining lease decreases. In particular, a decrease in remaining lease by a single year will decrease the monetary value of the HDB flats by SGD 3,917 on average. We have also notice that location of the HDB flats do influence the resale housing price where flats nearer to Town add positive values while flats further away from Town impose a negative value relative to our baseline location.en_US
dc.format.extent34 p.en_US
dc.rightsNanyang Technological University-
dc.subjectDRNTU::Social sciencesen_US
dc.titleTime value of housing: the effect of lease decay on HDB resale pricesen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeBachelor of Artsen_US
dc.contributor.supervisor2BAO TEen_US
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Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)
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