Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220499
Title: THE PROXIMITY EFFECT OF GOOD QUALITY PRIMARY SCHOOL ON PRIVATE HOUSING PRICES
Authors: LIU BAIYU
Keywords: Real Estate
Fu Yuming
2016/2017 RE
House price hedonic
Housing prices
School proximity
School quality
School allocation policy
RE
Issue Date: 17-Nov-2016
Citation: LIU BAIYU (2016-11-17). THE PROXIMITY EFFECT OF GOOD QUALITY PRIMARY SCHOOL ON PRIVATE HOUSING PRICES. ScholarBank@NUS Repository.
Abstract: This study was inspired by the home-school distance based priority admission rule for governing primary one registration in Singapore. It was conducted with the intention to investigate the proximity effect of good quality primary school on private housing prices using REALIS property transaction records between January 2011 and December 2015. The evidence suggested that people are keen to send their children to popular schools which sustained good performance in test score. It was found that house-buyers are willing to pay a price premium of 1.1% and 6.4% for private non-landed properties that are located within 1 km and 1 km to 2 km school zone, respectively, as compared to those located between 2 km and 3 km cut-off boundary from the school zone. The study revealed 5.3% lower price premium for private housing located within 1 km from a school zone as compared to those located within 1 km to 2 km from the school zone. In addition, robustness test was conducted in each planning boundary namely Central, East, West, North and North-east. The study showed that good quality school zone factors were still robust and statistically significant at 95% confidence level for most regions, except for North-east region of Singapore. Interestingly, the price premiums for houses located within 1 km from the school zone and those located within 1 km to 2 km from the school zone are increased to the highest point in the year 2013 follow by decreases in 2014 and 2015.
URI: https://scholarbank.nus.edu.sg/handle/10635/220499
Appears in Collections:Bachelor's Theses

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