Price Causality between Adjacent Housing Markets within a Metropolitan Area: A Case Study

He, Ling; Winder, Robert C.

doi:10.1080/10835547.1999.12089566

Cited by 11 publications

(1 citation statement)

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“…The market in which price formation occurs is deemed to lead the other market. Research on price discovery between different segments of the unsecuritised real estate market has been con ned to the price interaction between housing sub-markets de ned along geographical lines (He and Winder, 1999). Price discovery between housing sub-markets is a natural extension to the academic literature on housing sub-markets (Maclennan and Tu and Gold nch, 1996).…”

Section: Introductionmentioning

confidence: 99%

Price Discovery between Private and Public Housing Markets

Ong

Sing

2002

Urban Studies

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Public and private housing markets are usually differentiated in terms of price, regulations and policies, but they are not necessarily segmented. Any integration, as opposed to segmentation, between private and public markets implies that the prices of private housing are interrelated with the prices of public housing determined in the open market. If so, information revealed in one market will be pertinent for making inferences on prices in the other market. This paper addresses the price discovery or relation between public and private housing in view of Singapore's substantial public housing programme that has an actively traded secondary market. Implications for the direction of price causality and upward mobility for households between housing price strata are examined.

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Section: Introductionmentioning

confidence: 99%