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|Title:||Government Supply of Land in a Dual Market|
|Authors:||Ooi, J.T. |
|Source:||Ooi, J.T., Sirmans, C.F., Turnbull, G.K. (2011). Government Supply of Land in a Dual Market. Real Estate Economics 39 (1) : 167-184. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1540-6229.2010.00290.x|
|Abstract:||A dual land market is one in which the government owns a significant portion of developable land while real estate development is done primarily by the private sector. This article examines Singapore's experience with its system of government land supply in a dual market, focusing on its response to market signals as well as the interaction with the significant private supply of land. The example is relevant to the general problem of government sales of valuable assets. The private supply of developable land behaves in line with expectations. The government response to price signals differs only modestly from that of private landowners. © 2010 American Real Estate and Urban Economics Association.|
|Source Title:||Real Estate Economics|
|Appears in Collections:||Staff Publications|
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