Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220787
Title: IMPACT OF PERCEIVED STIGMA OF GEYLANG RED-LIGHT DISTRICT ON PRIVATE RESIDENTIAL PRICES IN SINGAPORE
Authors: CHEN MIN
Keywords: Real Estate
RE
Yu Shi Ming
2015/2016 RE
Geylang
Perceived Stigma
Private Residential Property
Red-light District
Issue Date: 3-May-2016
Citation: CHEN MIN (2016-05-03). IMPACT OF PERCEIVED STIGMA OF GEYLANG RED-LIGHT DISTRICT ON PRIVATE RESIDENTIAL PRICES IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: Located just on the eastern fringe of CBD, Geylang has been infamously known to be the traditional red-light district of Singapore where sex trades and erotic businesses congregate. These activities have long been stigmatized as socially undesirable deeds as they are often related to high rates of crime and sex-related diseases thus endangering the safety of the residents who live in the proximity. This paper examines the impact of perceived stigma of Geylang red-light district on private residential prices in Singapore. The study proposes a positive relationship between property price and the distance to the main designated red-light area (Subject Zone). A total of 2546 private property transactions in three study zones (Subject, Fringe and Control zone) in Geylang are collected where multiple regression analysis is then carried out to test the hypothesis. Empirical results suggest that residential properties located in the fringe and control zone are 12.1% and 13.5% higher than those in the subject zone. The research is followed up by a qualitative analysis as decision making process of prospective homebuyers is very often not observable on the surface. It is observed that the qualitative results are in line with the existing literature review as well as the regression model. Finally, this research will contribute to the existing real estate literature as a pioneer opportunity to investigate the influence of perceived stigma on purchasing decision. The policy implication arising from this research suggests that more can be done to better manage the conflicting land use between the existing businesses and the residential especially in the subject zone. It will also allow developers, buyers, sellers and property valuers to be more informed with regards to the pricing of private residential units located within or in close proximity of red-light district
URI: https://scholarbank.nus.edu.sg/handle/10635/220787
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Chen Min 2015-2016.pdf3.03 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

33
checked on Jan 26, 2023

Download(s)

6
checked on Jan 26, 2023

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.