Maneuvering the property hot air balloon in Singapore

This paper examines the effects of the Singapore government ongoing efforts to manage private property prices, measured by the Urban Redevelopment Authority (URA) Property Price Index of Singapore’s private property market. Since 2009, the Singapore government has unveiled numerous property market c...

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Main Author: Wee, Karol Heok Hiang
Other Authors: Chew Soon Beng
Format: Thesis-Master by Coursework
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/55823
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-558232024-01-16T05:21:40Z Maneuvering the property hot air balloon in Singapore Wee, Karol Heok Hiang Chew Soon Beng School of Humanities and Social Sciences DRNTU::Science::General::Economic and business aspects This paper examines the effects of the Singapore government ongoing efforts to manage private property prices, measured by the Urban Redevelopment Authority (URA) Property Price Index of Singapore’s private property market. Since 2009, the Singapore government has unveiled numerous property market cooling measures in a bid to curb skyrocketing property prices. Using quarterly data from 1991 to 2013, this paper attempts to identify key drivers of Singapore’s private property prices using two econometric models, simple OLS and autoregressive distributed lag model. This paper finds that the May 1996 government measure that included capital gains taxation had a clear impact on private property prices. On the contrary, many of the newly implemented cooling measures such as additional stamp duties and controlling buyers’ loan-to-value ratios appear not to have a significant effect on private property prices. Master of Science 2014-04-01T01:53:34Z 2014-04-01T01:53:34Z 2014 2014 Thesis-Master by Coursework http://hdl.handle.net/10356/55823 en Nanyang Technological University 30 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Science::General::Economic and business aspects
spellingShingle DRNTU::Science::General::Economic and business aspects
Wee, Karol Heok Hiang
Maneuvering the property hot air balloon in Singapore
description This paper examines the effects of the Singapore government ongoing efforts to manage private property prices, measured by the Urban Redevelopment Authority (URA) Property Price Index of Singapore’s private property market. Since 2009, the Singapore government has unveiled numerous property market cooling measures in a bid to curb skyrocketing property prices. Using quarterly data from 1991 to 2013, this paper attempts to identify key drivers of Singapore’s private property prices using two econometric models, simple OLS and autoregressive distributed lag model. This paper finds that the May 1996 government measure that included capital gains taxation had a clear impact on private property prices. On the contrary, many of the newly implemented cooling measures such as additional stamp duties and controlling buyers’ loan-to-value ratios appear not to have a significant effect on private property prices.
author2 Chew Soon Beng
author_facet Chew Soon Beng
Wee, Karol Heok Hiang
format Thesis-Master by Coursework
author Wee, Karol Heok Hiang
author_sort Wee, Karol Heok Hiang
title Maneuvering the property hot air balloon in Singapore
title_short Maneuvering the property hot air balloon in Singapore
title_full Maneuvering the property hot air balloon in Singapore
title_fullStr Maneuvering the property hot air balloon in Singapore
title_full_unstemmed Maneuvering the property hot air balloon in Singapore
title_sort maneuvering the property hot air balloon in singapore
publishDate 2014
url http://hdl.handle.net/10356/55823
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