Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221947
Title: IMPACT OF SUBURBAN SHOPPING MALLS ON HDB RESALE PRICES: DO PROXIMITY AND SIZE MATTER?
Authors: PHANG KAI LIN
Keywords: Real Estate
RE
Chin Kein Hoong Lawrence
2012/2013 RE
Issue Date: 23-Apr-2013
Citation: PHANG KAI LIN (2013-04-23). IMPACT OF SUBURBAN SHOPPING MALLS ON HDB RESALE PRICES: DO PROXIMITY AND SIZE MATTER?. ScholarBank@NUS Repository.
Abstract: This study seeks to investigate whether proximity and size of a suburban shopping mall in Singapore will induce positive externalities that decay as distance intensifies on the neighbouring Housing & Development Board (HDB) flats. In addition, an analysis is conducted to assess if such effects vary across different HDB types i.e. 2-room to executive flats. Using a total of 1904 HDB resale flat transactions from within 600 metres of eleven suburban shopping malls, this research is operationalized via 3 regression models. Regression results show that proximity and size of suburban shopping malls are desirable attributes valued by homebuyers and as distance from the mall intensifies, the amount of premium or enjoyable positive spill-over effects will follow a declining trend. When stratified according to their HDB types, it is revealed that while homebuyers of 2- and 3-room flats value proximity to suburban shopping malls more than their counterparts with bigger units, they are not so willing to pay for an increase in the size of the malls. Furthermore, larger malls are deemed to be most attractive among homebuyers of 4-room flats, but only have negligible impacts on homebuyers of the 5-room and executive flats. Results of this study will contribute to the existing literatures on the effect of shopping malls to help policy makers and urban planners in land use planning. Furthermore, it will also enable valuers, developers, investors, buyers and sellers to make more informed decisions with regards to the pricings of residential properties within close proximity to shopping malls.
URI: https://scholarbank.nus.edu.sg/handle/10635/221947
Appears in Collections:Bachelor's Theses

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