Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222331
Title: IMPACT OF CONSERVATION IN SINGAPORE: EVIDENCE FROM SHOPHOUSES
Authors: LEONG JIA MIN
Keywords: Real Estate
RE
Yu Shi Ming
2019/2020 RE
Conservation Shophouse
Restoration
Hedonic Price Index
Issue Date: 15-Nov-2019
Citation: LEONG JIA MIN (2019-11-15). IMPACT OF CONSERVATION IN SINGAPORE: EVIDENCE FROM SHOPHOUSES. ScholarBank@NUS Repository.
Abstract: Over the years, conservation shophouses in Singapore have caught the attention of many investors, both local and foreign alike. With its rich historical and architectural merits, coupled with the limited number on the market, their allure as investment assets is not unfounded. With high capital gains reported over the years, we see rising transaction volumes for this unique asset class. However, little is understood or known about this niche real estate market. Hence, this study aims to provide a clearer understanding of conservation value on shophouses using regression analysis and case studies across different countries such as Malaysia and Hong Kong. Key results of regression analysis revealed that conservation have an overall positive impact on shophouses prices, with the impact varying across different planning regions and tenure types. Conservation shophouses command a 18.4% premium over non-central regions. This supports the hypothesis that conservation shophouses tend to fetch higher prices than non-conservation shophouses, supporting the view that investment in conservation shophouses are profitable. Case studies in cities such as Malacca, Penang and Hong Kong saw varied perception on conservation among different stakeholders. With conservation of pre-war shophouses generally accepted and applauded in Penang and Hong Kong, the cases also revealed similar challenges faced by the governments across the cities during and after conservation efforts.
URI: https://scholarbank.nus.edu.sg/handle/10635/222331
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Leong Jia Min 2019-2020.pdf.pdf1.85 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

92
checked on Sep 22, 2022

Download(s)

70
checked on Sep 22, 2022

Google ScholarTM

Check


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