New methodology for constructing real estate price indices applied to the Singapore residential market

This paper develops a new methodology for constructing a real estate price index that utilizes all transaction price information, encompassing both single-sales and repeat-sales. The method is less susceptible to specification error than standard hedonic methods and is not subject to the sample sele...

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Bibliographic Details
Main Authors: JIANG, Liang, Peter C. B. PHILLIPS, Jun YU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/1851
https://ink.library.smu.edu.sg/context/soe_research/article/2850/viewcontent/NewMethodologyRealEstatePriceIndicesSingapore_2015May.pdf
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Institution: Singapore Management University
Language: English