Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/224008
Title: HOW DOES OVERPRICING IMPACT THE PRICE AND TIME-ON-MARKET (TOM) RELATIONSHIP? EVIDENCE FROM THE PUBLIC HOUSING RESALE MARKET IN SINGAPORE
Authors: DENG SHIYUN
Keywords: Real Estate
Davin Wang
RE
2017/2018 RE
Time-on-market
Housing market
Overpricing
Degree of Overpricing
Price
Issue Date: 4-Jun-2018
Citation: DENG SHIYUN (2018-06-04). HOW DOES OVERPRICING IMPACT THE PRICE AND TIME-ON-MARKET (TOM) RELATIONSHIP? EVIDENCE FROM THE PUBLIC HOUSING RESALE MARKET IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: This study investigates the relationship between overpricing during initial listing and time-on-market. Overpricing refers to the difference between transacted price and valuation price. Data on the Singapore public housing market composed of 8,747 observations for properties sold between 2011 and 2016 is used. Overall, empirical testing suggests that overpricing lengthens property marketing duration. For public housing sector, controlling for all factors it is observed that a linear 1% increase in overpricing leads to property having 1.132 days longer on the market. The results contribute to the limited existing literature on the Singapore housing market by extending understandings about the parameters that could affect the time on the market of properties, including the initial pricing strategies of individual home sellers and final revision of their list prices.
URI: https://scholarbank.nus.edu.sg/handle/10635/224008
Appears in Collections:Bachelor's Theses

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