Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220433
DC FieldValue
dc.titleIMPACT OF CIRCLE LINE ON CONDOMINIUM PRICES IN SINGAPORE
dc.contributor.authorWONG HUI CHIEN EMILIA
dc.date.accessioned2013-04-15T09:29:41Z
dc.date.accessioned2022-04-22T17:08:31Z
dc.date.available2019-09-26T14:13:55Z
dc.date.available2022-04-22T17:08:31Z
dc.date.issued2013-04-15
dc.identifier.citationWONG HUI CHIEN EMILIA (2013-04-15). IMPACT OF CIRCLE LINE ON CONDOMINIUM PRICES IN SINGAPORE. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/220433
dc.description.abstractThe rapid escalating of property prices in Singapore has raised the concern of many people. Therefore, the studies of property prices remain relevant as there are many different variables that explain property prices. Since majority of the residents in Singapore travel around by public transportation system, accessibility is one of the key determinants in property prices in Singapore. The impacts of mass transit have long been studied in overseas context but few researches have been done on Singapore. This study seeks to fill the gap by carrying out a comprehensive study in the context of Singapore. This study will seize the opportunity given by conducting a research on the impact of newly built Mass Rapid Transit (MRT) line, Circle Line. Four stations on the Circle Line have been selected to examine the impacts of improved accessibility brought by MRTs on condominium prices. Hedonic pricing models are adopted in the study to determine the proximity premiums fetched by condominiums. This study has confirmed that the recent opening of Circle Line has a positive impact on condominium prices that are located of proximity to the stations. Also, results showed that 200m is the optimal distance away from MRT stations and premiums decreases as distance from MRT increases. The findings will enable return of transit investments to be maximized by providing a basis to a well planned transit and land development.
dc.language.isoen
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/2176
dc.subjectReal Estate
dc.subjectRE
dc.subjectChin Kein Hoong Lawrence
dc.subject2012/2013 RE
dc.subjectCondominium prices
dc.subjectMRT
dc.typeDissertation
dc.contributor.departmentREAL ESTATE
dc.contributor.supervisorCHIN KEIN HOONG LAWRENCE
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (REAL ESTATE)
dc.embargo.terms2013-06-06
Appears in Collections:Bachelor's Theses

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