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dc.contributor.authorKWOK TIAN LONG
dc.identifier.citationKWOK TIAN LONG (2012-12-06). DOES GOOD SCHOOL EFFECTS MATTER?. ScholarBank@NUS Repository.
dc.description.abstractThe question of whether one’s house would sell higher if it is located to a good school is in the minds of many homeowners. This study seeks to find out if good school effects does matter to households and if Singapore parents, traditionally being labelled as pragmatic and afraid of losing out, are willing to fork out more capital for a house within 1 km distance to good school. Currently, Singapore is undergoing major revamp in the education system and seeks policies to make every school a good school. This study is conducted right before this new era. The study focuses on two main housing markets in Singapore, namely the HDB resale and private non-landed market. Using a boundary approach which includes all housing transactions, conducted in the past one year, within a 200 metre wide band from the 1 km good school boundary in both directions, a semi-logarithm regression is run against a set of house and neighbourhood variables while controlling for good school dummy variable. In the HDB dataset of 398 observations, it is found that houses located within the 1 km radius to good school fetch a premium of 1.85% than those that are located outside the 1 km radius. For the private non-landed market dataset which has a total of 663 observations, this premium is slightly lower at 1.02%. Furthermore, the study ran further regressions at the 100 metre and 300 metre band but did not find that the results are any better than that at the 200 metre band.
dc.subjectReal Estate
dc.subjectOoi Thian Leong Joseph
dc.subject2012/2013 RE
dc.subjectGood school effects
dc.subjectHedonic regression
dc.subjectSemi-log house price model
dc.contributor.departmentREAL ESTATE
dc.contributor.supervisorOOI THIAN LEONG JOSEPH
dc.description.degreeconferredBACHELOR OF SCIENCE (REAL ESTATE)
Appears in Collections:Bachelor's Theses

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