The effect of localized density on housing prices in Singapore

• Main Authors: FESSELMEYER, Eric, SEAH, Kiat Ying Sky, KWOK, Jonathan Ci Yi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Density; Willingness-to-pay; Land-use policy; Compact city; Asian Studies; Land Use Law; Urban Studies
• Online Access: https://ink.library.smu.edu.sg/cis_research_all/8; https://ink.library.smu.edu.sg/context/cis_research_all/article/1007/viewcontent/1_s2.0_S0166046217301941_main.pdf
• Institution: Singapore Management University

This paper measures how localized residential density impacts housing prices in Singapore. Using exogenous variation in residential density, we find that an increase in density causes non-trivial decreases in property values: a 10% increase in density decreases price per square foot by between 1.3%...