This paper studies the effect of adding space to existing housing apartments on housing price and the probability that owners will sell their apartment (flat). This space adding is part of a large scale urban renewal and upgrading policy in Singapore, and is carried out only if sufficient...

This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...

Holly, Pesaran, and Yamagata (2010) use a panel of 49 states over the period of 1975 to 2003 to show that state-level real housing prices are driven by economic fundamentals, such as real per capita disposable income, as well as by common shocks, such as changes in interest rates, oil prices,...

Although China's housing affordability issue has been the subject of numerous studies, this paper adopts an improved price-to-income ratio to better reveal and assess the status of housing affordability in China over time. Two research questions will be discussed: (i) Is there a housing...