Please use this identifier to cite or link to this item:
https://doi.org/10.1080/09599910010001411
Title: | Temporal and distribution biases in real estate transaction-based price indices | Authors: | Ong, S.E. | Keywords: | Distribution bias Real estate price index Temporal bias Transaction-based index |
Issue Date: | 2000 | Citation: | Ong, S.E. (2000). Temporal and distribution biases in real estate transaction-based price indices. Journal of Property Research 17 (4) : 293-310. ScholarBank@NUS Repository. https://doi.org/10.1080/09599910010001411 | Abstract: | This paper contends that returns generated by a transaction-based property price index provide biased estimates of the true underlying real estate returns. Two biases-temporal and distribution are examined. Transaction data from 34 condominium developments in Singapore are used to test for the existence of these biases. In addition, the temporal and distribution biases provide testable hypotheses that suggest that the bias differ across market conditions. The empirical evidence supports the hypotheses. Finally, policy implications and measures to rectify the biases are highlighted. | Source Title: | Journal of Property Research | URI: | http://scholarbank.nus.edu.sg/handle/10635/46493 | ISSN: | 09599916 | DOI: | 10.1080/09599910010001411 |
Appears in Collections: | Staff Publications |
Show full item record
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.