Welfare Implications of HDB Policy on the Public Housing Price Gradient

• 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
• Institution: Singapore Management University

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...