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The Macro Impacts of Public Resold Dwellings on Private Housing Prices in Singapore

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  • Yong Tu

Abstract

In Singapore, the public resale housing market is an actively traded public owner occupier housing market succeeding to the heavily regulated new public owner occupier housing sector, in which the new public housing units are sold at a heavily subsidized price. The resale market was originally aimed at facilitating consumer housing choices and harnessing the greater efficiency of market mechanism in the delivery of public housing. However, it also became a vehicle for many Singaporeans to upgrade to private housing. This raises the concerns of its impacts on the private housing market as well as the equitable distribution of public resources. This paper first analytically reviews the retrospect of Singapore housing system, then empirically studies the impacts of public resold dwellings on the private housing prices, probing the links between the public resale market and the private housing market as well as the implications on the equitable distribution of public resources.

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  • Yong Tu, 2003. "The Macro Impacts of Public Resold Dwellings on Private Housing Prices in Singapore," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 15(3), pages 191-207, November.
    • Handle: RePEc:bla:revurb:v:15:y:2003:i:3:p:191-207
    DOI: 10.1111/j.1467-940X.2003.00072.x
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    Cited by:

    1. Diao, Mi & Fan, Yi & Sing, Tien Foo, 2021. "Rational pricing responses of developers to supply shocks: Evidence from Singapore," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 802-815.
    2. Lee, Nai Jia & Ong, Seow Eng, 2005. "Upward mobility, house price volatility, and housing equity," Journal of Housing Economics, Elsevier, vol. 14(2), pages 127-146, June.
    3. Hon-Kwong Lui, 2007. "The Redistributive Effect of Public Housing in Hong Kong," Urban Studies, Urban Studies Journal Limited, vol. 44(10), pages 1937-1952, September.

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