Welfare Implications of HDB Policy on the Public Housing Price Gradient

Welfare Implications of HDB Policy on the Public Housing Price Gradient

In Singapore, extensive government intervention in the housing market has resulted in much deviation from assumptions made in the simple neoclassical urban models. The monocentric model of urban structure is extended to incorporate a subsidized public housing market in which the government-determine...

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Main Author: PHANG, Sock Yong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1989
Subjects:
HDB
Housing Policy
Housing Price Gradient
Singapore
real estate
private property
location
Asian Studies
Economics
Public Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/220
https://ink.library.smu.edu.sg/context/soe_research/article/1219/viewcontent/Phang_1989_SER_HDBPriceGradient.pdf
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.soe_research-12192016-03-18T05:53:31Z Welfare Implications of HDB Policy on the Public Housing Price Gradient PHANG, Sock Yong In Singapore, extensive government intervention in the housing market has resulted in much deviation from assumptions made in the simple neoclassical urban models. The monocentric model of urban structure is extended to incorporate a subsidized public housing market in which the government-determined price gradient is flatter than the private housing price gradients. The propositionthat the utility of public housing households varies inversely with residential location distance from the CBD is empirically tested by estimating net returns to public housing using resale market data. It was found that net returns decreased with distance from the CBD. 1989-10-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/220 https://ink.library.smu.edu.sg/context/soe_research/article/1219/viewcontent/Phang_1989_SER_HDBPriceGradient.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University HDB Housing Policy Housing Price Gradient Singapore real estate private property location Asian Studies Economics Public Economics
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic HDB
Housing Policy
Housing Price Gradient
Singapore
real estate
private property
location
Asian Studies
Economics
Public Economics
spellingShingle HDB
Housing Policy
Housing Price Gradient
Singapore
real estate
private property
location
Asian Studies
Economics
Public Economics
PHANG, Sock Yong
Welfare Implications of HDB Policy on the Public Housing Price Gradient
description In Singapore, extensive government intervention in the housing market has resulted in much deviation from assumptions made in the simple neoclassical urban models. The monocentric model of urban structure is extended to incorporate a subsidized public housing market in which the government-determined price gradient is flatter than the private housing price gradients. The propositionthat the utility of public housing households varies inversely with residential location distance from the CBD is empirically tested by estimating net returns to public housing using resale market data. It was found that net returns decreased with distance from the CBD.
format text
author PHANG, Sock Yong
author_facet PHANG, Sock Yong
author_sort PHANG, Sock Yong
title Welfare Implications of HDB Policy on the Public Housing Price Gradient
title_short Welfare Implications of HDB Policy on the Public Housing Price Gradient
title_full Welfare Implications of HDB Policy on the Public Housing Price Gradient
title_fullStr Welfare Implications of HDB Policy on the Public Housing Price Gradient
title_full_unstemmed Welfare Implications of HDB Policy on the Public Housing Price Gradient
title_sort welfare implications of hdb policy on the public housing price gradient
publisher Institutional Knowledge at Singapore Management University
publishDate 1989
url https://ink.library.smu.edu.sg/soe_research/220
https://ink.library.smu.edu.sg/context/soe_research/article/1219/viewcontent/Phang_1989_SER_HDBPriceGradient.pdf
_version_ 1770569073361420288

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