Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220805
Title: COMMUNITY GARDENS AND HOUSE PRICES IN SINGAPORE
Authors: LIM YING MIN
Keywords: 2020-2021
Real Estate
Bachelor's
BACHELOR OF SCIENCE (REAL ESTATE)
Wang Xize
community garden, house price, private housing, public housing, cross-sectional, hedonic regression, t-test, effect heterogeneity, age, planning region
Issue Date: 12-Apr-2021
Citation: LIM YING MIN (2021-04-12). COMMUNITY GARDENS AND HOUSE PRICES IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: This study focuses on community gardens – a green urban feature that facilitates communal gardening, leisure and social bonding. Under the Community in Bloom (CIB) programme, community gardens in Singapore have grown steadily in numbers. It thus appears that community gardens are a popular urban amenity locally. Coupled with the growing trend of urban farming worldwide, community gardens are expected to play an enhanced role in the socio-urban landscape of Singapore in future. Being a prominent urban amenity, this study links the utility provided by community gardens with both public and private house prices in Singapore. A multi-prong, cross-sectional analysis that consists of a two-tailed T-test, hedonic pricing models and effect heterogeneity tests is conducted. Evidence suggests that the proximity of houses to community gardens is a significant attribute shaping house prices. In addition, there seems to be a positive correlation between the proximity to community gardens and private house price, while a negative correlation exists for public house prices. Nonetheless, when analysed as a combined housing sample, there seems to be a general aversion to residing near these gardens. This may be attributed to the negative externalities that arises from these gardens, including noise pollution and the emittance of unpleasant smell from the use of fertilisers. The author believes this study is an effective contribution to existing literature on the economic value of community gardens. The study will not only be helpful to estate and urban planners, but also to homeowners looking to further understand the economic potential of community gardens around their houses. Keywords: community garden, house price, private housing, public housing, cross-sectional, hedonic regression, t-test, effect heterogeneity, age, planning region
URI: https://scholarbank.nus.edu.sg/handle/10635/220805
Appears in Collections:Bachelor's Theses

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