Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223109
Title: THE PRICE IMPACT OF HIGH-RISE MIXED-USE DEVELOPMENTS ON RESIDENTIAL PROPERTY PRICES
Authors: ENG HE ZHANG
Keywords: Real Estate
RE
Lum Sau Kim
2012/2013 RE
Issue Date: 24-Apr-2013
Citation: ENG HE ZHANG (2013-04-24). THE PRICE IMPACT OF HIGH-RISE MIXED-USE DEVELOPMENTS ON RESIDENTIAL PROPERTY PRICES. ScholarBank@NUS Repository.
Abstract: Residential properties in High-rise Mixed-Use Housing (HMUH) development are becoming more popular in Singapore. The popularity of such development is mainly due to the added convenience and enhancement in living standard. The purpose of this study was two-fold: 1) to analyse the influence of HMUH development has on its residential property prices, and 2) to understand the changes in the influence as the development increases in age. A controlled experiment using the hedonic regression was conducted on a study area within 500m radius of Orchard MRT Station. The hedonic regression has allowed the isolation of the impact of HMUH development has on its residential property prices. The hedonic regression has also allowed the examination of the changes in the impact as the age of the HMUH development increases. It was concluded that residential properties in a HMUH development would enjoy a price premium in property value as compared to those residential properties of non-HMUH development. Also, a negative correlation was found between the price premium and the age of the HMUH development. The study would contribute to the research as it is the first formal local assessment of the perceived value of HMUH development in Singapore. It would aid buyers and sellers to make more informed decision, provide developers and investors more useful information to consider and enable valuers to better able to attach an appropriate value for HMUH developments of different age during the process of valuation.
URI: https://scholarbank.nus.edu.sg/handle/10635/223109
Appears in Collections:Bachelor's Theses

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