Are House Prices Driven by Capital Flows? Evidence from Singapore

This paper investigates whether real house price appreciations can be attributed to the surge in real capital inflows into Singapore. We proxy capital flows by using the amount of foreign direct investments (FDI) to real estate capturing the foreign purchases of property in Singapore which we deflat...

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Bibliographic Details
Main Authors: CHOW, Hwee Kwan, XIE, Taojun
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/1806
https://ink.library.smu.edu.sg/context/soe_research/article/2805/viewcontent/HousePricesDrivenbyCapitalFlowsSingapore_2016.pdf
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Institution: Singapore Management University
Language: English