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Title: Nursing Homes with Community Facilities: An Effective Solution to NIMBY?
Authors: TAN JUN HUI
Keywords: Real Estate
Lee Kwan Ok
2017/2018 RE
Nursing Homes
Community Facilities
Issue Date: 8-May-2018
Citation: TAN JUN HUI (2018-05-08). Nursing Homes with Community Facilities: An Effective Solution to NIMBY?. ScholarBank@NUS Repository.
Abstract: NIMBY towards nursing homes is of great concern in Singapore, in view of the ageing population and state plans to expand the sector. This research focuses on one potential solution for this NIMBY, nursing homes with community facilities. It is the first research that evaluates its effectiveness in mitigating negative externalities of nursing homes in the Singapore context. To do so, it focuses on Housing and Development Board (HDB) resale transactions near nursing homes and employs the Difference-in-Differences (DID) approach. DID seeks to estimate a causal impact of nursing homes on nearby HDB prices by examining both spatial (treatment group as within 400 metres of the nursing home, control group as between 400 to 800 metres) and temporal (two years pre- and post-operation of the facility) dimensions. Estimation results suggest that while nursing homes have a significant, negative impact on surrounding HDB resale prices in general, their impacts are not homogeneous. Community nursing homes had no significant impact on surrounding HDBs but conventional nursing homes led to a 1.84% reduction in nearby HDB prices. HDBs surrounding nursing homes developed in the 2000s, mainly composed of conventional ones, saw a significant 1.82% price decline but those surrounding post-2010 nursing homes, which include more community ones, experienced no price reduction. These results demonstrate that community components did help mitigate negative externalities of nursing homes and enhance public perception of nursing homes. The findings are useful for planners and policy makers. They highlight that involving community-related components could be an effective strategy for siting unpopular facilities such as nursing homes. They also suggest a potential need to rejuvenate conventional nursing homes in old estates to include more community components.
Appears in Collections:Bachelor's Theses

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