Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223079
Title: THE ALLURE OF MIXED-USE DEVELOPMENTS AND ITS INFLUENCE ON BUYERS � WILLINGNESS-TO-PAY
Authors: KOH WEI ZHI
Keywords: Real Estate
RE
Liao Wen Chi
2015/2016 RE
Issue Date: 4-May-2016
Citation: KOH WEI ZHI (2016-05-04). THE ALLURE OF MIXED-USE DEVELOPMENTS AND ITS INFLUENCE ON BUYERS � WILLINGNESS-TO-PAY. ScholarBank@NUS Repository.
Abstract: The burgeoning interest in Mixed-Use Developments (MUD) integrating residential and retail uses among home buyers has shone the spotlight on these developments in recent times. While these developments were not viewed favourably in the past, its recent popularity stems from the high amount of convenience it affords to residents due to their close proximity to retail spaces. While the benefits are evident, such amenities also imposes increasing negative externalities on residents as proximity to such amenities increases. With MUDs being one of the sustainable development tools adopted by local planning authorities, such developments are set to increase in numbers in the future. It is therefore imperative to analyse and determine the impact of MUDs on residents. This paper sets out to achieve this objective through analysing private housing transactions of MUDs and private residential developments in proximity to retail centres. The results obtained from this empirical study acknowledges the allure of residential-retail MUDs through the associated price premiums. Firstly, developments with residential-retail integration generally commands a price premium over private residential developments located in proximity to retail centres. Secondly, an increase in the size of a MUD’s retail component was found to have a positive effect on price premiums. Lastly, distance is not the sole factor influencing price premiums/discounts. While results generally indicates that increasing distance from a retail centre arises in negative premiums, normal residential developments may only be suffering from insignificant price discounts or commanding prices that are almost equal to MUDs at certain ranges of distance.
URI: https://scholarbank.nus.edu.sg/handle/10635/223079
Appears in Collections:Bachelor's Theses

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