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Title: Non-gated Development in Singapore: Its Economic and Social Impact
Keywords: Real Estate
Alice Christudason
2017/2018 RE
Issue Date: 30-Apr-2018
Citation: YEO JIA MIN SHERYL (2018-04-30). Non-gated Development in Singapore: Its Economic and Social Impact. ScholarBank@NUS Repository.
Abstract: Purpose - The purpose of this paper is to provide an analysis of the economic and social impact of the Non-gated developments in Singapore. To provide a clearer view, the economic impact would be referring to the selling price while social impact would be referring to the social interaction among residents. Methodology - This paper utilises a combination of qualitative and quantitative methods. Qualitative comprises of interviews with residents who have lived in both experienced living in both Gated and Non-gated developments, providing insights on the level of social interaction within them. Additionally, it encompasses of a survey analysis of 140 respondents to obtain their opinions on the aspects (i.e. Security, Privacy, Aesthetics and Environment, Cost and Potential Investment Value) they would look at when purchasing a Condominium. Quantitative research would include statistical review on the selling price of an existing Nongated developments and its comparables. Findings - The findings revealed that Non-gated development do not have any economic impact in terms of its selling price through the quantitative research. Through the qualitative research, it shows that the level of social interaction really varies between a Gated and Nongated development, and it truly depends on the individual and their willingness to interact with one another as interaction cannot be forced on people. In terms of feasibility, people are rather receptive of Non-gated development despite the possible concerns raised during literature review. Nevertheless, there are limitations to the research methodology due to the time constraints, stagnant response from stakeholders and lack of suitable comparables, a more indepth approach could be taken to further ascertain the results obtained.
Appears in Collections:Bachelor's Theses

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