Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/234442
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dc.titleFAIR PRICING IN THE SINGAPORE PRE-SALES MARKET
dc.contributor.authorTRAN THI HANH QUYEN
dc.date.accessioned2022-11-11T10:19:13Z
dc.date.available2022-11-11T10:19:13Z
dc.date.issued2006
dc.identifier.citationTRAN THI HANH QUYEN (2006). FAIR PRICING IN THE SINGAPORE PRE-SALES MARKET. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/234442
dc.description.abstractThe forward pricing models have been widely tested in the financial and homogeneous commodity markets. However, similar studies in the real estate market were rare due to the heterogeneous characteristics of real estate. Most property forward contracts in developed markets are in the form of index futures and thinly transacted. In contrast, real forward contracts of uncompleted properties (i.e. selling before completion) are commonly and actively traded in physical form in many Asian pre-sales markets such as Hong Kong, Taiwan, Singapore and China. From this common practice questions arose about the fairness of the pricing of those pre-sale properties. This study applies the forward pricing models to test whether the Singapore pre-sale properties are fairly priced. It concludes that the pre-sales in Singapore were, in general, priced unfairly and more expensive compared to normal properties. Reasons and implications of this result are also discussed at the end of the study.
dc.sourceSDE BATCHLOAD 20220718
dc.subjectPre-sale
dc.subjectForward contract
dc.subjectPricing model
dc.subjectSingapore
dc.typeThesis
dc.contributor.departmentREAL ESTATE
dc.contributor.supervisorOOI THIAN LEONG JOSEPH
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (REAL ESTATE)
Appears in Collections:Bachelor's Theses

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