The possible existence of investor clientele groups has received little attention in the real estate finance literature. In this paper we develop a clientele model, which in equilibrium produces a clustering of investors by tax characteristics. Low-tax-bracket investors are concentrated in...

Recent real estate literature has not only proposed a few theories to explain the puzzling macro feature of the positive correlation between price and transaction volume, but also attempted to identify the causal relationships between them. However, there is little empirical evidence to...

A proportional hazard model is employed to exploit micro relationships between household housing price expectation and probability to sell (the latter is inversely related to the property owning spells). The primary data source is from 14 yearsí Singapore condominium transaction data. A...

ERES:conference

[abstract missing - contribution appeared in the programme]

In Singapore, the public resale housing market is an active second-hand housing market, whereby previously subsidised new public housing units were being transacted at market prices. In contrast to the private housing price determinants that have been identified in the international literature,...

The housing market is thin. Buyers search and bargain in local housing markets, often paying different prices for nearly identical houses. Housing search literature has documented the role of local information, search cost, and the anchoring effect in determining housing transaction prices....

This study investigates the impact of migrants’ post-migration experiences on their integration and housing behaviors. Collaborating with a local town council, we surveyed 1,128 households living in Singapore public housing estates and constructed instrumental variables to resolve...

The rising concern of aging has promoted aging-in-place (AIP) a popular public policy tool for creating elderly-friendly cities. This study utilizes Singapore’s urban regeneration practices as a case study to propose a new AIP model and introduce a novel spatial mismatch index (SMI) to...