Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/224140
DC FieldValue
dc.titleTHE INFLUENCE OF AN MRT STATION ON RESIDENTIAL PROPERTY VALUE : A �TIMELINE � PERSPECTIVE
dc.contributor.authorTAN PEI JIA AMENDA
dc.date.accessioned2010-06-01T09:30:49Z
dc.date.accessioned2022-04-22T20:51:48Z
dc.date.available2019-09-26T14:14:14Z
dc.date.available2022-04-22T20:51:48Z
dc.date.issued2010-06-01T09:30:49Z
dc.identifier.citationTAN PEI JIA AMENDA (2010-06-01T09:30:49Z). THE INFLUENCE OF AN MRT STATION ON RESIDENTIAL PROPERTY VALUE : A �TIMELINE � PERSPECTIVE. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/224140
dc.description.abstractThis study seeks to examine the influence of the introduction of a Mass Rapid Transit (MRT) station on residential property price throughout three time periods — the pre-construction, construction and post-construction of the station. A controlled study, with respect to these stages, was conducted on the recently completed Pioneer MRT Station. It observed the differences in resale prices experienced by two public housing precincts — one located next to the station and the other located beyond the influence of the station. Hedonic Regression was utilized in the empirical study to isolate the influence of the station’s presence on housing price. Three hedonic equations were estimated, each representing one time period, to uncover the station’s impact during the different stages. It was hypothesized that the station’s presence would bring about a positive premium for residential units within its influence. However, these units might experience a drop in premium, or even a discount, during the construction phase due to the negative externalities incurred. Results from the pooled linear regression showed that properties within the station’s influence enjoyed a price premium throughout all three stages, with the highest (22.6%) during the pre-construction stage. This premium dropped to 6.61% during the construction stage and rose marginally to 7.14% upon its completion. These findings would aid the valuation of residential units impacted by upcoming stations. This study, to the best of the author’s knowledge, is the first formal local assessment of an MRT’s temporal impact on residential price. Further research could enhance the findings.
dc.language.isoen
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/1064
dc.subjectReal Estate
dc.subjectHedonic regression
dc.subjectHDB resale prices
dc.subjectMRT
dc.typeDissertation
dc.contributor.departmentREAL ESTATE
dc.contributor.supervisorLUM SAU KIM
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (REAL ESTATE)
Appears in Collections:Bachelor's Theses

Show simple item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Tan Pei Jia Amenda 2009-2010.pdf1.57 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

32
checked on Nov 17, 2022

Download(s)

5
checked on Nov 17, 2022

Google ScholarTM

Check


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