Affordable Homeownership Policy: Implications for Housing Markets

• Main Author: PHANG, Sock Yong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Affordable homeownership policy; market implications; Singapore; Asian Studies; Public Economics; Real Estate; Urban Studies and Planning
• Online Access: https://ink.library.smu.edu.sg/soe_research/1150; https://ink.library.smu.edu.sg/context/soe_research/article/2149/viewcontent/Affordablehomeownershippolicy.pdf
• Institution: Singapore Management University

Affordable homeownership is a policy that is often accorded a great deal of policy attention by governments of many countries. In this paper, we examine the market implications of setting a housing price to income ratio target for a market segment by the government. The policy requires active interv...