Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221413
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dc.titleTHE IMPLICATIONS OF HOUSING ANTI-SPECULATION MEASURES ON BUYER SENTIMENTS IN SINGAPORE
dc.contributor.authorTAN YAN ZHUANG CLAIRE
dc.date.accessioned2016-01-07T09:35:45Z
dc.date.accessioned2022-04-22T17:37:33Z
dc.date.available2019-09-26T14:14:00Z
dc.date.available2022-04-22T17:37:33Z
dc.date.issued2016-01-07
dc.identifier.citationTAN YAN ZHUANG CLAIRE (2016-01-07). THE IMPLICATIONS OF HOUSING ANTI-SPECULATION MEASURES ON BUYER SENTIMENTS IN SINGAPORE. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/221413
dc.description.abstractThe Singapore private residential market underwent a great boom in 2009 with strong and sustainable economic recovery from the 2008 Global Financial Crisis. The private residential property prices surged 15.7% q-o-q in 3Q2009 (REALIS, 2015), fueling the formation of a housing bubble with optimistic sentiments and speculative activities in the market. This prompted the Singapore government to step in with a series of anti- speculation measures to ensure the stability of the property market where prices move in line with economic fundamentals. This paper is thus motivated by the role of behavioral factors in driving the private housing market and the implications of anti- speculation measures on buyer sentiments. The study adopts a private residential market analysis and an empirical study using binary logistic regression to examine the implications of anti-speculation measures and identify the significant factors influencing buyer sentiments. The findings conclude that notwithstanding the ten rounds of anti-speculation measures, buyer sentiments in the private condominium market are generally positive with majority homebuyers intending to exercise their purchase decisions within this year. Additionally, the measures are effective to a certain extent in limiting speculation as genuine homebuyers rather than speculators dominate the private housing market after ten rounds of implementation. This is evidenced by the decrease in sub-sales for eight quarters since 1Q2013 and results from the empirical study reveal that buyer purchase decisions are not affected by transaction taxes. Furthermore, the empirical study identified income, property type, market sentiment on home prices, housing loan limit, interest rate and the perception of anti-speculation measures as significant variables affecting buyer sentiments.
dc.language.isoen
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/3313
dc.subjectReal Estate
dc.subjectRE
dc.subjectTu Yong
dc.subject2015/2016 RE
dc.typeDissertation
dc.contributor.departmentREAL ESTATE
dc.contributor.supervisorTU YONG
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (REAL ESTATE)
dc.embargo.terms2016-01-11
Appears in Collections:Bachelor's Theses

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