Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/219641
Title: ELECTION EFFECTS ON RESALE HDB PRICES
Authors: ISAAC LEO YEN
Keywords: Real Estate
RE
Sing Tien Foo
2015/2016 RE
HDB Flats
Housing Market
Main Upgrading Programme
Political Economy
Public Housing
Issue Date: 7-Jan-2016
Citation: ISAAC LEO YEN (2016-01-07). ELECTION EFFECTS ON RESALE HDB PRICES. ScholarBank@NUS Repository.
Abstract: Housing Development Board (HDB) flats house the majority of the population. Their values constitute a substantial portion of household wealth. This paper examines the political economy of HDB resale flats. Hedonic and difference-in-differences regressions reveal that HDB flats in opposition wards transact at discounts to those in People’s Action Party (PAP) wards. Treatment effects are applied through the election dates. The Main Upgrading Programme (MUP) is also found to have a positive impact on HDB resale prices. A multinomial logistic regression shows that opposition wards face substantially reduced priority for the MUP. This is one of the reasons why opposition resale HDB flats transact at discounts.
URI: https://scholarbank.nus.edu.sg/handle/10635/219641
Appears in Collections:Bachelor's Theses

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