Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.regsciurbeco.2011.06.004
Title: Private residential price indices in Singapore: A matching approach
Authors: Deng, Y. 
McMillen, D.P.
Sing, T.F. 
Keywords: House prices
Matching
Price index
Repeat sales
Issue Date: 2012
Source: Deng, Y., McMillen, D.P., Sing, T.F. (2012). Private residential price indices in Singapore: A matching approach. Regional Science and Urban Economics 42 (3) : 485-494. ScholarBank@NUS Repository. https://doi.org/10.1016/j.regsciurbeco.2011.06.004
Abstract: We use a matching procedure to construct samples of private residential sales in Singapore for January 1995 to May 2010. Though the matching approach is similar to a repeat sales estimator in pairing each sale with the sale of a comparable property, sample sizes are much larger because the matched properties are not constrained to be identical in each period. An advantage of the matching procedure is that it makes it easy to characterize changes in the full distribution of quality-adjusted sales prices, rather than just the means. We find that the distribution of sales prices shifted much farther to the right at high prices than at lower prices for 1995-2010, and this pattern is particularly evident in the boom periods of 1996 and 2005-2007. The variance of the sale price distribution increased significantly during boom periods. © 2011 Elsevier B.V.
Source Title: Regional Science and Urban Economics
URI: http://scholarbank.nus.edu.sg/handle/10635/46215
ISSN: 01660462
DOI: 10.1016/j.regsciurbeco.2011.06.004
Appears in Collections:Staff Publications

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

SCOPUSTM   
Citations

31
checked on Dec 5, 2017

WEB OF SCIENCETM
Citations

28
checked on Dec 5, 2017

Page view(s)

66
checked on Dec 3, 2017

Google ScholarTM

Check

Altmetric


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