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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| 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 |