Please use this identifier to cite or link to this item: https://doi.org/10.1080/0042098032000146821
Title: Government policies and household mobility behaviour in Singapore
Authors: Neo, P.H. 
Lee, N.J. 
Ong, S.E. 
Issue Date: 2003
Source: Neo, P.H., Lee, N.J., Ong, S.E. (2003). Government policies and household mobility behaviour in Singapore. Urban Studies 40 (13) : 2643-2660. ScholarBank@NUS Repository. https://doi.org/10.1080/0042098032000146821
Abstract: This paper provides a rigorous study on the change in Central Provident Fund (CPF) policy in Singapore on 1 September 2002, on household mobility in general and on the affordability and accessibility of potential home-buyers in particular. The change brought about increased accessibility but reduced affordability for home-buyers. The latter has an impact on the shortfall months which are positively related to changes in mortgage rate, mortgage term and property price and negatively related to the amount of CPF available for home purchases. Further, the low critical price that households can afford without experiencing any shortfall implies that the majority of public and private home-buyers will be affected by the policy change. Consequently, the improvement in accessibility by allowing the use of CPF for downpayment may stimulate demand at the cost of higher financial risk to home-buyers and mortgage lenders.
Source Title: Urban Studies
URI: http://scholarbank.nus.edu.sg/handle/10635/46146
ISSN: 00420980
DOI: 10.1080/0042098032000146821
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

3
checked on Dec 5, 2017

WEB OF SCIENCETM
Citations

3
checked on Dec 5, 2017

Page view(s)

75
checked on Dec 11, 2017

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.