Declining discount rates in Singapore's market for privately developed apartments
Singapore's market for new privately developed apartments exhibits wide quasi-experimental variation in ownership tenure. We develop an empirical model in which prices are decomposed into the utility of housing services and a factor that shifts with asset tenure and the discount rate schedule,...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/cis_research/1 https://ink.library.smu.edu.sg/context/cis_research/article/1000/viewcontent/J_of_Applied_Econometrics___2021___Fesselmeyer___Declining_discount_rates_in_Singapore_s_market_for_privately_developed.pdf |
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| Institution: | Singapore Management University |
| Language: | English |