Affordable Homeownership Policy: Implications for Housing Markets

• Main Author: PHANG, Sock Yong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Housing; Private ownership; Pricing policy; Market forces; Singapore; Asian Studies; Economics; Real Estate; Urban Studies and Planning
• Online Access: https://ink.library.smu.edu.sg/soe_research/1271; https://ink.library.smu.edu.sg/context/soe_research/article/2270/viewcontent/AffordableHomeownershipPolicy_2010.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. This paper aims to examine the market implications of setting a housing price to income ratio target for a market segment by the government. The policy requires active inter...