We estimate the network externality of a public transit system by examining the effects of its expansion on the housing … market. Our results show that a major expansion of Singapore's Mass Rapid Transit (MRT) system increased the price of …. Evaluated at the mean housing price, the expansion increased the value of pre-connected apartments by at least S$386 million …

Purpose – Singapore does not have a welfare State. Instead it has full employment, rapid growth, affordable education … and equality of opportunity. It also has the Housing Development Board and the Central Provident Fund. Public housing and … strategy. Design/methodology/approach – The paper collects evidence on housing and superannuation to establish the precise link …

In Singapore, the public resale housing market is an active second-hand housing market, whereby previously subsidised … that have been identified in the international literature, the prices of public resale housing in Singapore are largely … degree public housing policies affected the price dynamics of public resale housing in Singapore during the 1990s. The …

Singapore Housing Development Board, providing a historical perspective to the development of a QC for a large Asian state …

relatively price inelastic and the income elasticity of housing demand is less than one. Practical implications – The Singapore … income ratio targets are tested using the Singapore housing market. Originality/value – This paper adds to the literature by … of many countries. This paper aims to examine the market implications of setting a housing price to income ratio target …