Dynamic pricing in the Singapore condominium market
Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we do f...
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2014
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sg-smu-ink.cis_research-10012022-10-21T03:21:44Z Dynamic pricing in the Singapore condominium market FESSELMEYER, Eric LIU, Haoming Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we do find that quality-adjusted price increases and the quality of units purchased decreases over the new sale period. These results suggest that condominium developers allow early buyers to purchase high quality units at discounted prices but do not extend the price discount to later buyers of low quality units. (C) 2014 Elsevier B.V. All rights reserved. 2014-07-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/cis_research/2 info:doi/10.1016/j.econlet.2014.04.022 https://ink.library.smu.edu.sg/context/cis_research/article/1001/viewcontent/1_s2.0_S0165176514001505_main.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection College of Integrative Studies eng Institutional Knowledge at Singapore Management University Dynamic pricing Housing markets Repeated sales method Asian Studies Real Estate |
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Dynamic pricing Housing markets Repeated sales method Asian Studies Real Estate FESSELMEYER, Eric LIU, Haoming Dynamic pricing in the Singapore condominium market |
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Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we do find that quality-adjusted price increases and the quality of units purchased decreases over the new sale period. These results suggest that condominium developers allow early buyers to purchase high quality units at discounted prices but do not extend the price discount to later buyers of low quality units. (C) 2014 Elsevier B.V. All rights reserved. |
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text |
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FESSELMEYER, Eric LIU, Haoming |
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FESSELMEYER, Eric LIU, Haoming |
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FESSELMEYER, Eric |
title |
Dynamic pricing in the Singapore condominium market |
title_short |
Dynamic pricing in the Singapore condominium market |
title_full |
Dynamic pricing in the Singapore condominium market |
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Dynamic pricing in the Singapore condominium market |
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Dynamic pricing in the Singapore condominium market |
title_sort |
dynamic pricing in the singapore condominium market |
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Institutional Knowledge at Singapore Management University |
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2014 |
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https://ink.library.smu.edu.sg/cis_research/2 https://ink.library.smu.edu.sg/context/cis_research/article/1001/viewcontent/1_s2.0_S0165176514001505_main.pdf |
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