Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220286
Title: HERDING BEHAVIOUR IN THE SINGAPORE PRIVATE RESIDENTIAL MARKET
Authors: NG WEE MIN LESTER
Keywords: Real Estate
Ho Kim Hin David
2011/2012 RE
Issue Date: 21-May-2012
Citation: NG WEE MIN LESTER (2012-05-21). HERDING BEHAVIOUR IN THE SINGAPORE PRIVATE RESIDENTIAL MARKET. ScholarBank@NUS Repository.
Abstract: This study examines the herding behaviour of the Singapore private residential market. The presence of herding was tested by augmenting the approach in a study by Chang, Cheng & Khorana (2000) where the relationship between an overall market index return and the cross-sectional absolute deviation of the respective sectors within the market is examined. It is found that herding exists in the condominium, apartment, semi-detached and detached sectors of the Singapore private residential market. The only exception is the terrace sector that did not demonstrate any herding behaviour. The study then examines the existence of asymmetric information within the market, and it found no asymmetrically difference between the upmarket and downmarket.
URI: https://scholarbank.nus.edu.sg/handle/10635/220286
Appears in Collections:Bachelor's Theses

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