Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222940
Title: EXAMINING AGGLOMERATION ECONOMIES IN LIVE-WORK DEVELOPMENTS
Authors: FOO JIA JUAN
Keywords: Real Estate
Agglomeration
Urban economics
Issue Date: 31-May-2010
Citation: FOO JIA JUAN (2010-05-31T08:29:00Z). EXAMINING AGGLOMERATION ECONOMIES IN LIVE-WORK DEVELOPMENTS. ScholarBank@NUS Repository.
Abstract: This study seeks to explain why live-work properties cluster near other office properties despite being self-sufficient by integrating commercial and residential use in the same space. It examines the importance of agglomeration economies and how they affect the transacted prices of live-work properties. The dataset consists of 55 properties with 2 live-work, 27 commercial and 26 residential. Being a hybrid mixed-used development that combines commercial and residential, the reason for comparing live-work with residential and office properties is to identify the different impacts agglomeration economies have on the prices among the 3 different types of properties. A model is established to test the association using the pooled regression method. Agglomeration economies are measured by using the gravity model and to quantify their relationship with property price. The other characteristics of interest include property type, age, size, tenure, distance to MRT and CBD. The study reveals that live-work properties benefit economically from agglomeration, as agglomeration economies are reflected in the price. Also, agglomeration economies are capitalized in the prices of live-work properties when they are classified as commercial but not for residential.
URI: https://scholarbank.nus.edu.sg/handle/10635/222940
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Foo Jia Juan 2009-2010.pdf1.79 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

2
checked on Feb 2, 2023

Download(s)

1
checked on Feb 2, 2023

Google ScholarTM

Check


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