Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221845
Title: TIME ON MARKET FOR NEW DEVELOPERS
Authors: XIAOYUN XU
Keywords: Real Estate
RE
Ooi Thian Leong Joseph
2017/2018 RE
Issue Date: 30-Apr-2018
Citation: XIAOYUN XU (2018-04-30). TIME ON MARKET FOR NEW DEVELOPERS. ScholarBank@NUS Repository.
Abstract: Focusing on new property developers in Singapore, this research seeks to examine whether new developers are able to market their units as fast as veteran developers. “Time on Market” is defined as the number of days between the project launch date and the actual sale date of the individual units. The study sample covers 53 new residential projects in Singapore, launched between Q1 2010 to Q4 2015. The empirical evidence shows that new developers, on average, need 33 more days to sell their units. This is partly attributable to the new developers pricing their units marginally higher than the median price of surrounding units. It was found that for every 1% price premium, the Time on Market is extended by 63 days.
URI: https://scholarbank.nus.edu.sg/handle/10635/221845
Appears in Collections:Bachelor's Theses

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