Hedonic price of housing space

This article estimates hedonic prices for different levels of housing space, by exploiting a unique space‐adding project in Singapore that added a uniform amount of space to each existing housing unit regardless of the original size. This space adding program was carried out if sufficient residents...

Full description

Saved in:
Bibliographic Details
Main Authors: AGARWAL, Sumit, CHEN, Yanying, JING, Li, TAN, Yi Jin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/2370
https://ink.library.smu.edu.sg/context/soe_research/article/3369/viewcontent/2018_10_3_SpaceDemand.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English
id sg-smu-ink.soe_research-3369
record_format dspace
spelling sg-smu-ink.soe_research-33692023-11-21T07:02:31Z Hedonic price of housing space AGARWAL, Sumit CHEN, Yanying JING, Li TAN, Yi Jin This article estimates hedonic prices for different levels of housing space, by exploiting a unique space‐adding project in Singapore that added a uniform amount of space to each existing housing unit regardless of the original size. This space adding program was carried out if sufficient residents vote in favor of space adding. Using a difference‐in‐differences (DiD) strategy after restricting our sample to narrow margins around the voting cutoff, we find that the additional space increased the resale price of a housing unit by 7% on average, and the extent of price appreciation varied significantly across the original size of the units. 2021-07-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/2370 info:doi/10.1111/1540-6229.12298 https://ink.library.smu.edu.sg/context/soe_research/article/3369/viewcontent/2018_10_3_SpaceDemand.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Housing space Implicit price Hedonic regression Urban redevelopment Asian Studies Behavioral Economics Real Estate
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Housing space
Implicit price
Hedonic regression
Urban redevelopment
Asian Studies
Behavioral Economics
Real Estate
spellingShingle Housing space
Implicit price
Hedonic regression
Urban redevelopment
Asian Studies
Behavioral Economics
Real Estate
AGARWAL, Sumit
CHEN, Yanying
JING, Li
TAN, Yi Jin
Hedonic price of housing space
description This article estimates hedonic prices for different levels of housing space, by exploiting a unique space‐adding project in Singapore that added a uniform amount of space to each existing housing unit regardless of the original size. This space adding program was carried out if sufficient residents vote in favor of space adding. Using a difference‐in‐differences (DiD) strategy after restricting our sample to narrow margins around the voting cutoff, we find that the additional space increased the resale price of a housing unit by 7% on average, and the extent of price appreciation varied significantly across the original size of the units.
format text
author AGARWAL, Sumit
CHEN, Yanying
JING, Li
TAN, Yi Jin
author_facet AGARWAL, Sumit
CHEN, Yanying
JING, Li
TAN, Yi Jin
author_sort AGARWAL, Sumit
title Hedonic price of housing space
title_short Hedonic price of housing space
title_full Hedonic price of housing space
title_fullStr Hedonic price of housing space
title_full_unstemmed Hedonic price of housing space
title_sort hedonic price of housing space
publisher Institutional Knowledge at Singapore Management University
publishDate 2021
url https://ink.library.smu.edu.sg/soe_research/2370
https://ink.library.smu.edu.sg/context/soe_research/article/3369/viewcontent/2018_10_3_SpaceDemand.pdf
_version_ 1783955685205082112