Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/146990
Title: HOUSING PRICE DISTRIBUION OVER THE BUSINESS CYCLE.
Authors: NG CHING XING SHIRLYN
Issue Date: 9-Apr-2018
Citation: NG CHING XING SHIRLYN (2018-04-09). HOUSING PRICE DISTRIBUION OVER THE BUSINESS CYCLE.. ScholarBank@NUS Repository.
Abstract: The housing price puzzle reflects the large volatility in prices that cannot be reconciled with traditional demand-supply factors. As a pioneer attempt to dissect the puzzle, this paper focuses on the novel study of Singapore’s housing price distribution and volatility along the business cycle for the private and public resale housing market. This also posits the exploration of significant non-traditional demand factors that influence house prices. Using a series of statistical tests (Kolmogorov, Binomial), inequality indices (Gini, Theil) and hedonic quantile regression, I ascertain that price distribution and volatility positively move in tandem with general economic activity. In addition, houses associated with the top 1st postal code percentile are notably pivotal in directing overall housing price trends. These key results highlight the potential destabilizing effect of houses on the Singapore economy.
URI: http://scholarbank.nus.edu.sg/handle/10635/146990
Appears in Collections:Bachelor's Theses (Restricted)

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