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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Main Authors: | JIANG, Liang, Peter C. B. PHILLIPS, Jun YU |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2015
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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 |
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