Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223386
Title: A STUDY ON THE IMPACT OF PROPERTY TYPE ON THE PREMIUM OF A WATERFRONT VIEW
Authors: HUANG XIAOYUN
Keywords: Real Estate
Issue Date: 1-Oct-2009
Citation: HUANG XIAOYUN (2009-10-01T11:25:47Z). A STUDY ON THE IMPACT OF PROPERTY TYPE ON THE PREMIUM OF A WATERFRONT VIEW. ScholarBank@NUS Repository.
Abstract: It is well known from previous literature that a view of a water body is aesthetically pleasing and as a consequence, results in a positive impact on property values. In view of the lack of research conducted in this area relative to the Singapore context, this dissertation aims to narrow the study further, by investigating if the positive influence of a water view is similar or varies greatly across residential property types. Two types of residential properties will be considered in this study, namely condominiums and landed properties. The results indicate that water view premium varies across property types. The study is then further continued to examine the waterfront premiums of the two categories. It was found that landed properties commanded a much higher water view premium than condominiums. Condominium units with a water view transacted at a price 16.36% more than units without a water view on average; whereas landed properties with a water view commanded 94.64% more than those that do not possess a water view, a 78.28% difference. This is probably so as landed properties enjoy the exclusivity of the water view that is attached to their land.
URI: https://scholarbank.nus.edu.sg/handle/10635/223386
Appears in Collections:Bachelor's Theses

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