Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/192050
Title: THE EFFECT OF GOVERNMENT-SUBSIDISED HOME UPGRADING PROGRAMME ON HOUSING DEVELOPMENT BOARD (HDB) RESALE PRICES IN SINGAPORE
Authors: NG YONG SHENG
Keywords: upgrade
HIP
MUP
housing
price
age
Issue Date: 5-Apr-2021
Citation: NG YONG SHENG (2021-04-05). THE EFFECT OF GOVERNMENT-SUBSIDISED HOME UPGRADING PROGRAMME ON HOUSING DEVELOPMENT BOARD (HDB) RESALE PRICES IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: Public housing houses the majority of Singapore’s resident population and the government has committed to improving and maintaining its quality throughout its 99-years leasehold. The first upgrade programme, the Main Upgrading Programme (MUP) was introduced in 1989 and later replaced by the Home Improvement Programme (HIP) in 2007. Previous studies have found the MUP to be successful in enhancing the value of resale flats, thereby meeting one of its policy objectives. However, there has not been other studies that investigate the effects of the HIP, to the best of our knowledge. Hence, this paper adopts a difference-in-differences approach using resale flat transaction data to investigate the heterogeneous effects of the MUP and HIP on different flats of different types and ages. The results of this research suggest that the HIP generates a price premium for lower-income households and older flats but not for higher-income households.
URI: https://scholarbank.nus.edu.sg/handle/10635/192050
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