Chang, Kuang-Liang; Chen, Nan-Kuang; Leung, Charles Ka Yui - In: Regional Science and Urban Economics 42 (2012) 3, pp. 516-530
This paper studies the dynamics of housing returns in Singapore. We first extract the movements of Singapore's economic aggregates that are free from foreign (U.S. and rest of the world) factors, and then examine the determinants of its housing returns. We find that both the domestic variables...