{"id":959,"date":"2020-04-28T16:48:57","date_gmt":"2020-04-28T08:48:57","guid":{"rendered":"http:\/\/localhost:8888\/?p=959"},"modified":"2025-12-25T16:08:55","modified_gmt":"2025-12-25T08:08:55","slug":"dynamics-of-the-condominium-market-in-singapore","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2020\/04\/28\/dynamics-of-the-condominium-market-in-singapore\/","title":{"rendered":"Dynamics of the Condominium Market in Singapore"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"959\" class=\"elementor elementor-959\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21b79529 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"21b79529\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-665f68f2\" data-id=\"665f68f2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ec38284 elementor-widget elementor-widget-text-editor\" data-id=\"6ec38284\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\"><div class=\"article_label\">Article<\/div><p class=\"article_title\">Dynamics of the Condominium Market in Singapore<\/p><div><p class=\"title_label_large\">Author<\/p><p class=\"title_label_large\">Start Page \/ End Page<\/p><p class=\"title_label\">Volume<\/p><p class=\"title_label\">Issue Number<\/p><p class=\"title_label\">Year<\/p><p class=\"title_label_large\">Publication<\/p><\/div><div><p><!-- Author \/ StartEndPage \/ Volume \/ IssueNumber \/ Year \/ Publication --><\/p><p class=\"title_text_large\">Sing, Tien Foo<\/p><p class=\"title_text_large\">135 \/ 158<\/p><p class=\"title_text\">4<\/p><p class=\"title_text\">1<\/p><p class=\"title_text\">2001<\/p><p class=\"title_text_large\">International Real Estate Review<\/p><\/div><div class=\"empty\">\u00a0<\/div><p class=\"abstract_label\">Abstract<\/p><p><!-- Abstract Content --><br \/>This study examines economic and market factors that drive the demand, supply, and pricing of condominiums in Singapore using a 2-stage least squares regression methodology. This empirical study covers a sample period of 12 years from 1988 to 2000. The condominium housing demand model showed that GDP growth and the inflation rate had positive relationships with condominium demand one quarter ahead. However, demand for condominiums was negatively related to one-quarter lagged stock price change, two-quarter lagged condominium housing price change, lagged demand in the previous two quarters, and one-quarter lagged household formation. On the supply side, changes in last-quarter condominium housing stock, condominium commencement, the prime lending rate, and current and lagged-quarter labor costs would adversely affect developers\u2019 decisions to commence new condominium projects. In the condominium price model, the dummy variable used to test the effects of the government\u2019s anti-speculation policies in May 1996, which increased the supply of residential lands and restricted the loan quantum to a limit of 80% of the housing price, was significant and positive. It implied that the policies were effective in dampening condominium prices by 0.32% per quarter for two consecutive quarters in 4Q1996 and 1Q1997.<\/p><p>\u00a0<\/p><p><!-- PDF DownloadLink --><\/p><p class=\"download\"><a href=\"http:\/\/www.gssinst.org\/irer\/wp-content\/uploads\/2020\/10\/2001-Vol-4-No-1-Dynamics.pdf\"><strong>View PDF -https:\/\/doi.org\/10.53383\/100033<\/strong><\/a><\/p><div class=\"empty\">\u00a0<\/div><p><a class=\"backpage\">Back to Previous Page<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<div>\n<p class=\"title_label_large\">Author<\/p>\n<p class=\"title_label_large\">Start Page \/ End Page<\/p>\n<p class=\"title_label\">Volume<\/p>\n<p class=\"title_label\">Issue Number<\/p>\n<p class=\"title_label\">Year<\/p>\n<p class=\"title_label_large\">Publication<\/p>\n<\/div>\n<div>\n<!-- Author \/ StartEndPage \/ Volume \/ IssueNumber \/ Year \/ Publication --><\/p>\n<p class=\"title_text_large\">Sing, Tien Foo<\/p>\n<p class=\"title_text_large\"> 135 \/ 158<\/p>\n<p class=\"title_text\">4<\/p>\n<p class=\"title_text\">1<\/p>\n<p class=\"title_text\">2001<\/p>\n<p class=\"title_text_large\">International Real Estate Review<\/p>\n<\/div>\n<p class=\"downloadLine\"><a href=\"https:\/\/www.um.edu.mo\/fba\/irer\/papers\/past\/vol4_pdf\/135-158Singapore1.pdf\">Download Entire Article.<img src=\"https:\/\/i.ibb.co\/m8rCXNQ\/download-pdf-large.png\" alt=\"download-pdf-large\" border=\"0\"> <\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"article-template.php","format":"standard","meta":[],"categories":[160,158],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/959"}],"collection":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/comments?post=959"}],"version-history":[{"count":3,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/959\/revisions"}],"predecessor-version":[{"id":4820,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/959\/revisions\/4820"}],"wp:attachment":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/media?parent=959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/categories?post=959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/tags?post=959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}