Please use this identifier to cite or link to this item: https://doi.org/10.1016/S0264-8377(03)00046-2
DC FieldValue
dc.titleMarket-led policy measures for urban redevelopment in Singapore
dc.contributor.authorLum, S.K.
dc.contributor.authorSim, L.L.
dc.contributor.authorMalone-Lee, L.C.
dc.date.accessioned2013-10-14T05:10:06Z
dc.date.available2013-10-14T05:10:06Z
dc.date.issued2004
dc.identifier.citationLum, 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
dc.identifier.issn02648377
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46187
dc.description.abstractThis 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/S0264-8377(03)00046-2
dc.sourceScopus
dc.subjectEn bloc sales
dc.subjectHousing
dc.subjectMarket-led policy
dc.subjectUrban redevelopment
dc.typeArticle
dc.contributor.departmentREAL ESTATE
dc.description.doi10.1016/S0264-8377(03)00046-2
dc.description.sourcetitleLand Use Policy
dc.description.volume21
dc.description.issue1
dc.description.page1-19
dc.identifier.isiut000188507800001
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