THE EFFECTS OF POLITICAL COMPETITION ON TOWN COUNCIL MANAGEMENT AND HDB RESALE PRICES
YAM JUN DA, DEREK
YAM JUN DA, DEREK
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Abstract
Elected Members of Parliament (MPs) in Singapore are tasked to directly oversee the
management of town councils under their constituencies in addition to their parliamentary
duties as elected representatives. Singapore’s ruling party has enjoyed a monopolistic
control over the majority of town councils with little to no competition until recent years;
a fact that could disincentivize progressive performance and inhibit residents from
enjoying a better provision of town council services in Singapore.
Following the politicized nature of town council management and increases in political
competition in recent years, this paper examines the impact of increased political
competition on the management performance of town councils in Singapore, and on the
combined effect of political competition and town council management on Housing &
Development Board (HDB) resale flat prices before and after the significantly contested
general election held in 2011.
Increased political competition was ascertained to have positively correlated with town
council management, and a combination of increased political competition and
improvements in town council management has been found to have positively affected
HDB resale prices in PAP-led wards from 2011 to 2015.
Keywords
Political competition, HDB resale prices, Fu Yuming, Real Estate, RE, 2018-2019 RE, HDB Flats, Town Council, Group Representative Constituency (GRC), Single Member Constituency (SMC), General Elections (GEs)
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Date
2019-05-13
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Dissertation