Are House Prices Driven by Capital Flows? Evidence from Singapore

• المؤلفون الرئيسيون: CHOW, Hwee Kwan, XIE, Taojun
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2016
• الموضوعات: Capital Inflows; House Prices; Macroprudential Policy; Asian Studies; Public Economics; Real Estate
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/1806; https://ink.library.smu.edu.sg/context/soe_research/article/2805/viewcontent/HousePricesDrivenbyCapitalFlowsSingapore_2016.pdf
• المؤسسة: Singapore Management University

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...