Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220573
Title: THE RELATIONSHIP OF BANK LENDING ON THE RESIDENTIAL PROPERTY PRICES IN SINGAPORE
Authors: LIM SHENG HONG
Keywords: Real Estate
RE
Liow Kim Hiang
2019/2020 RE
Bank Lending
Housing Price
Issue Date: 26-May-2020
Citation: LIM SHENG HONG (2020-05-26). THE RELATIONSHIP OF BANK LENDING ON THE RESIDENTIAL PROPERTY PRICES IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: The property market in Singapore has experienced many rounds of upturn and downturn. The government has implemented many rounds of cooling measures during times when it detects that the property market is overheating. The relationship of the bank lending and property prices is of great concerns for the Singapore government as the stable property market forms the bedrock of the Singapore. A stable property market also ensures that social equality is maintained in the society. As there is a little amount of research done on this field in the local context in recent years, this dissertation aims to fill the gap in knowledge by conducting an updated study. This study employs a long and short run analysis to detect for the direction of causality among the focus variables of this study, property prices and bank lending. The statistical model employed in this study is the Johansen’s test and the Granger causality test. The period of study is from Q1 1999 to Q3 2019. The findings from this dissertation suggest that long run causality direction runs from the housing price to bank lending and not the converse. However, the short run causality cannot be ascertained.
URI: https://scholarbank.nus.edu.sg/handle/10635/220573
Appears in Collections:Bachelor's Theses

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