Please use this identifier to cite or link to this item:
https://scholarbank.nus.edu.sg/handle/10635/187236
DC Field | Value | |
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dc.title | AN EMPIRICAL STUDY ON THE EFFECTS OF MRT ON PUBLIC HOUSING PRICES IN SINGAPORE: A CASE ON DOWNTOWN LINE 2 | |
dc.contributor.author | LIM HYSEN | |
dc.date.accessioned | 2021-03-15T06:58:44Z | |
dc.date.available | 2021-03-15T06:58:44Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | LIM HYSEN (2017). AN EMPIRICAL STUDY ON THE EFFECTS OF MRT ON PUBLIC HOUSING PRICES IN SINGAPORE: A CASE ON DOWNTOWN LINE 2. ScholarBank@NUS Repository. | |
dc.identifier.uri | https://scholarbank.nus.edu.sg/handle/10635/187236 | |
dc.description.abstract | This paper examines the effects of announcement, construction and opening of the Downtown Line 2 on public housing prices, in specific resale HDB flat prices. With the resale HDB flat transactions from 2000 January to 2016 June, using a hedonic price model, Ordinary Least Squares (OLS) regressions, which form the main empirical strategy, are run to compute the Difference-in-Difference estimates. The results show that the expansion of Downtown Line 2 (DTL2) increased the price of resale HDB flats within 1km and 1.5km of a DTL2 station. Furthermore, results have shown that flats that are within 1km of a DTL2 station warranted a higher premium than those within 1.5km. Forward-looking behaviour seems to be prevalent in this study as the announcement of DTL2 has a positive impact on public housing prices. Construction phase did not deter buyers from buying flats nearby as the price increment surpasses the increment due announcement. | |
dc.source | FASS BATCHLOAD 20210310 | |
dc.subject | HDB | |
dc.subject | Hedonic Price Model | |
dc.subject | Downtown Line | |
dc.type | Thesis | |
dc.contributor.department | ECONOMICS | |
dc.contributor.supervisor | CHIA NGEE CHOON | |
dc.description.degree | Bachelor's | |
dc.description.degreeconferred | BACHELOR OF SOCIAL SCIENCES (HONOURS) | |
Appears in Collections: | Bachelor's Theses |
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EmpLim.pdf | 23.12 MB | Adobe PDF | RESTRICTED | None | Log In |
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