Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220709
Title: DEMAND AND PRICING EFFECTS OF BUILT-TO-ORDER (BTO) FLATS
Authors: TAN YI SHAN ANDREW
Keywords: 2020-2021
Real Estate
Bachelor's
BACHELOR OF SCIENCE (REAL ESTATE)
Sing Tien Foo
School of Design & Environment
Issue Date: 12-Apr-2021
Citation: TAN YI SHAN ANDREW (2021-04-12). DEMAND AND PRICING EFFECTS OF BUILT-TO-ORDER (BTO) FLATS. ScholarBank@NUS Repository.
Abstract: This dissertation empirically investigates demand and pricing effects of Built-To-Order (BTO) flats using resale prices and application rates of BTO projects. A resale flat's value is determined by a myriad of attributes and external factors, such as government policies, surrounding amenities, and the built environment. Furthermore, with the government rapidly building BTO flats to meet the intense demand, it will be pivotal to understand how this demand affects the future resale prices of these BTO projects. Four models have been estimated to investigate the relationship between resale flat price and BTO subscription rate for other variables. The hedonic pricing method was adopted in models 1 and 2, while the subscription rate models are also estimated using the ordinary least squares estimator in models 3 and 4. The models investigate how resale flat prices are impacted by BTO projects in its proximity, and analyses the magnitude of resale price change when there is an increase the subscription rates of BTO projects launched in the vicinity, and also test if the subscription rates of BTO launches are influenced by resale prices of the transacted flat in the nearby areas.
URI: https://scholarbank.nus.edu.sg/handle/10635/220709
Appears in Collections:Bachelor's Theses

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