Please use this identifier to cite or link to this item:
|Title:||Market-led policy measures for urban redevelopment in Singapore||Authors:||Lum, S.K.
|Keywords:||En bloc sales
|Issue Date:||2004||Citation:||Lum, S.K., Sim, L.L., Malone-Lee, L.C. (2004). Market-led policy measures for urban redevelopment in Singapore. Land Use Policy 21 (1) : 1-19. ScholarBank@NUS Repository. https://doi.org/10.1016/S0264-8377(03)00046-2||Abstract:||This paper analyses the effectiveness and impacts of two market-led policy measures for stimulating private housing redevelopment in Singapore. The first measure accorded betterment potential to sub-optimally used land through density incentives. Subsequently, enabling legislation was enacted to facilitate site amalgamation. Using data from 1994 to 2000, the measures successfully induced the supply of privately owned land and site assembly through en bloc sales. However, the urban intensification strategies have resulted in unintended and adverse consequences such as infrastructural pressure, loss of environmental character and accelerated economic obsolescence. Moreover, policy delivery that relies on private sector capital is highly dependent on market conditions. © 2003 Elsevier Ltd. All rights reserved.||Source Title:||Land Use Policy||URI:||http://scholarbank.nus.edu.sg/handle/10635/46187||ISSN:||02648377||DOI:||10.1016/S0264-8377(03)00046-2|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.