Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/219805
Title: PAYA LEBAR MILITARY AIRBASE EFFECTS ON PRIVATE NON-LANDED RESIDENTIAL PROPERTY PRICES
Authors: KOH JIN RONG GLENN
Keywords: Real Estate
RE
Li Qiang
2016/2017 RE
Aircraft noise
Airport Distance
Airport noise
Property values
Traffic Noise
Issue Date: 5-Dec-2016
Citation: KOH JIN RONG GLENN (2016-12-05). PAYA LEBAR MILITARY AIRBASE EFFECTS ON PRIVATE NON-LANDED RESIDENTIAL PROPERTY PRICES. ScholarBank@NUS Repository.
Abstract: The objective of this paper aims to understand how private non-landed residential property price reacts to the proximity of an airbase. Through the Singapore National Day Rally in 2013, it had been announced that Paya Lebar Airbase will be relocated by 2030, and the land to be redeveloped. The study uses econometric models and estimates the pricing premium through a hedonic pricing model, analyzing the distance and announcement effect of the transaction data of private non-landed residential property within a 5 kilometers’(km) radius. It was found that there was an average of 0.3% premium in price for every km away from the airport. While the study of the announcement effect found that properties transacted after the announcement received an average premium of 13.2%, suggesting that the presence of an airbase has a negative effect on property prices.
URI: https://scholarbank.nus.edu.sg/handle/10635/219805
Appears in Collections:Bachelor's Theses

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