Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/234357
Title: IMPACT OF FINANCE POLICY ON BUYER'S PREFERENCE FOR TENURE
Authors: XU YUWEN
Keywords: Impact
Policy
Tenure
Preference
Singapore
Issue Date: 2006
Citation: XU YUWEN (2006). IMPACT OF FINANCE POLICY ON BUYER'S PREFERENCE FOR TENURE. ScholarBank@NUS Repository.
Abstract: Buyers can now use their Central Provident Fund to buy property with 30 to 59 years remaining on their leases, determined by the buyers' current age and the lease period with effect from 19th July 2005. With at least 85% of the population living in public housing which is all 99-year leasehold and another 5% staying in a leasehold land in the private sector, there will be huge implications on the Singapore population. This paper provides some empirical evidence and practitioners' views on how the policy may alter the existing perception and preference of home buyers towards leasehold and freehold properties. In addition, the author seeks to discover the preferred tenure for investment purposes. The findings proved positive impact on leasehold and additional implications to the freehold properties. Nevertheless, the increased receptiveness towards leasehold tenure did not replace freehold as the more preferred tenure for owner-occupation yet. There is no consistent preference of leasehold or freehold for investment. Instead, it depends more on the individual investor's long term and short-term agendas.
URI: https://scholarbank.nus.edu.sg/handle/10635/234357
Appears in Collections:Bachelor's Theses

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