What is it about?
This quantitative research paper investigates if the market-force hypothesis and upgrading hypothesis still hold in explaining the demand for first-hand housing development board (HDB) flats in Singapore.
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Why is it important?
With historical to prevailing economic data and relationships so obtained, Simulations are carried out via system dynamics models to assess how policy changes, differentiated in scales and frequencies, affect the first- hand demand for HDB flats in Singapore.
Read the Original
This page is a summary of: Dynamics of Assisted Homeownership in Singapore, Journal of Urban Affairs, May 2009, Taylor & Francis, DOI: 10.1111/j.1467-9906.2009.00430.x.
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