Analysis of the effect of government regulations on the Singapore property market.
This project aims to investigate the effect of government regulation on the property market in Singapore. It utilizes time series models to analyse property prices and housing demand from the 4th quarter of 2004 to the 3rd quarter of 2012. Results from the analysis are used to examine time...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/51549 |
| _version_ | 1826116329779757056 |
|---|---|
| author | Tay, Wei Kiang. Lim, Yeong Sheng. Lee, Kin Wee. |
| author2 | Uditha Balasooriya |
| author_facet | Uditha Balasooriya Tay, Wei Kiang. Lim, Yeong Sheng. Lee, Kin Wee. |
| author_sort | Tay, Wei Kiang. |
| collection | NTU |
| description | This project aims to investigate the effect of government regulation on the property market in
Singapore. It utilizes time series models to analyse property prices and housing demand from
the 4th quarter of 2004 to the 3rd quarter of 2012. Results from the analysis are used to
examine time periods where government measures are introduced. Our analysis shows that
there was no significant effect on demand and price from the regulation that was introduced
in 2005Q3. The regulation introduced in 2006Q4, similarly did not show any noteworthy
effects subsequently leading to the boom-bust cycle in 2007. The year 2009 saw the highest
increase in housing demand and a significant increase in property prices although a number
of new regulations were introduced to slow demand. However, the measures that were set up
after 2009 were able to maintain the demand and price at a constant level. The influential
factors that typically affect the housing prices and demand in Singapore include level of
interest rate, population density and the reliability of housing properties as investments. More
significantly the influx of foreigners into Singapore as it was developing into a regional
financial hub led to the boom-bust cycle bringing about the property bubble and the
consequent burst of it during the Great Recession. |
| first_indexed | 2024-10-01T04:09:34Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/51549 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:09:34Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/515492023-05-19T06:24:05Z Analysis of the effect of government regulations on the Singapore property market. Tay, Wei Kiang. Lim, Yeong Sheng. Lee, Kin Wee. Uditha Balasooriya Nanyang Business School DRNTU::Business::Industries and labor DRNTU::Business::General::Government policies DRNTU::Business::International business::Statistics This project aims to investigate the effect of government regulation on the property market in Singapore. It utilizes time series models to analyse property prices and housing demand from the 4th quarter of 2004 to the 3rd quarter of 2012. Results from the analysis are used to examine time periods where government measures are introduced. Our analysis shows that there was no significant effect on demand and price from the regulation that was introduced in 2005Q3. The regulation introduced in 2006Q4, similarly did not show any noteworthy effects subsequently leading to the boom-bust cycle in 2007. The year 2009 saw the highest increase in housing demand and a significant increase in property prices although a number of new regulations were introduced to slow demand. However, the measures that were set up after 2009 were able to maintain the demand and price at a constant level. The influential factors that typically affect the housing prices and demand in Singapore include level of interest rate, population density and the reliability of housing properties as investments. More significantly the influx of foreigners into Singapore as it was developing into a regional financial hub led to the boom-bust cycle bringing about the property bubble and the consequent burst of it during the Great Recession. BUSINESS 2013-04-04T09:06:09Z 2013-04-04T09:06:09Z 2013 2013 Final Year Project (FYP) http://hdl.handle.net/10356/51549 en Nanyang Technological University 73 p. application/pdf |
| spellingShingle | DRNTU::Business::Industries and labor DRNTU::Business::General::Government policies DRNTU::Business::International business::Statistics Tay, Wei Kiang. Lim, Yeong Sheng. Lee, Kin Wee. Analysis of the effect of government regulations on the Singapore property market. |
| title | Analysis of the effect of government regulations on the Singapore property market. |
| title_full | Analysis of the effect of government regulations on the Singapore property market. |
| title_fullStr | Analysis of the effect of government regulations on the Singapore property market. |
| title_full_unstemmed | Analysis of the effect of government regulations on the Singapore property market. |
| title_short | Analysis of the effect of government regulations on the Singapore property market. |
| title_sort | analysis of the effect of government regulations on the singapore property market |
| topic | DRNTU::Business::Industries and labor DRNTU::Business::General::Government policies DRNTU::Business::International business::Statistics |
| url | http://hdl.handle.net/10356/51549 |
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