Dynamics of Assisted Homeownership in Singapore
Bibliographic Data
| ID | 12065385 |
|---|---|
| Authors | Eddie C M Hui (0000-0002-6974-891X, Hong Kong Polytechnic University, corresponding author), Koit Hung (0000-0002-0782-6804, Hong Kong Polytechnic University), Ka Hung Yu (Hong Kong Polytechnic University), David Kim Hin Ho (National University of Singapore) |
| Year | 2009 |
| Volume | 31 |
| Issue | 2 |
| Pages | 195-212 |
| Publication date | 2009-04-21 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Urban Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0735-2166 • E-ISSN: 1467-9906 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9906.2009.00430.x |
| OpenAlex | W2154896454 |
| Language | EN |
| Citations received | 1 |
| References cited | 26 |
This study aims to first investigate if the market-force hypothesis and upgrading hypothesis still hold in explaining the demand for first-hand housing development board (HDB) flats in Singapore. Then, simulations are carried out via system dynamics models to assess how policy changes, differentiated in scales and frequencies, affect such demand. The findings, while refuting the market-force hypothesis, extend the upgrading hypothesis, as capital appreciations through selling in the resale HDB market not only contribute to the upgrading of properties among HDB owners, but also provide incentives for nonhomeowners to make the first move in realizing the “Singapore Dream.” Further, simulations point out that either too few or too many institutional changes in response to market adjustments render the HDB system unhealthy. The former induces fluctuating demand, while the latter likely generates extra administrative cost that could cause long-term effects on the financial position of the HDB
Business · Capital (architecture · Economics · Incentive · Market economy · Microeconomics · Point (geometry · Position (finance · Supply and demand · demographic modeling and climate adaptation · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
Learning in and about complex systems
System Dynamics Modeling
Modernity and self-identity
Keeping to the Marketplace
Ontological Security and Psycho-Social Benefits from the Home
Ontological Security and Psycho-Social Benefits from the Home
Housing Privatization
Home ownership policy in Singapore
Public Housing Residents as Clients of the State
From universal public housing to meeting the increasing aspiration for private housing in Singapore
Public Housing in Singapore
Price Discovery between Private and Public Housing Markets
Ontology, Policy and the Market
Government Policies and Private Housing Prices in Singapore
The importance of housing costs in cross‐national comparisons of welfare (state) outcomes
Housing Privatization and Housing Protest in the Transition from State Socialism
| Citations per year | 0.5 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |