“White” Site Valuation: A Real Option Approach Care

Foo, Sing Tien; Yin, Ming; Eng, Ong Seow

doi:10.1080/14445921.2002.11104120

Cited by 2 publications

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“…developers to strategize their development activities to the best of their interests in responding to the changing market conditions. Under the URA's white site guidelines, developers are free to decide on the mix of uses and the respective quantum of floor space of each use for the site as long as the total permissible gross floor area (GFA) for the whole development is not exceeded (Tien Foo, Shi Ming, and Seow Eng 2002). Pasir Ris Station, as a terminal station of the East-West Line of Singapore, is not fully developed.…”

Section: Analysis Of the Difference In Land Use Of Tod Station Sites:mentioning

confidence: 99%

Study on land use characteristics of rail transit TOD sites in new towns—taking Singapore as an example

Niu

Shen

et al. 2019

Journal of Asian Architecture and Building Engineering

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In order to understand the land use characteristics of the rail transit station sites in new towns of high-density Asian city, this study selected six rail transit stations in Singapore as the research objects. Through the GIS spatial analysis, the study analyzes the rail transit sites in the new town centers and private residential areas, as well as the similarities and differences between Urban TODs and Neighborhood TODs, with consideration to two spatial structure forms of Singapore's new towns. The study finds out that the rail transit station sites in Singapore's new town centers have gradually formed a specific TOD land use model for Asian transit village. The urban center hierarchy and the new town development concept have led to the difference in land use characteristics of the TOD stations. It is suggested that the mixed-use development of the TOD station area should be tailored to local conditions and a certain proportion of public service facilities, parks and open spaces should be guaranteed, to achieve sustainable development of land economy, environment and society. ARTICLE HISTORY

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Section: Analysis Of the Difference In Land Use Of Tod Station Sites:mentioning

confidence: 99%

Study on land use characteristics of rail transit TOD sites in new towns—taking Singapore as an example

Niu

Shen

et al. 2019

Journal of Asian Architecture and Building Engineering

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Strategic considerations in land use planning: the case of white sites in Singapore

Sing

Malone‐Lee

2004

Journal of Property Research

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This paper adopts a game-theoretic Nash equilibrium approach to examine the issue of planning flexibility in terms of land use zoning and development by appealing to the 'white sites' programme in Singapore as a natural experiment. The key insight is that the existence of competing white sites diminish the potential profit-maximizing supply. While the flexibility in land use is valuable, it potentially introduces a supply inefficiency through the uncertainty embedded in the development decision -making process. In addition, it is never optimal to defer development when competing white sites exist and when demand stays unchanged, unless exogeneous factors constrain commencement of construction. It is further demonstrated that a first-mover advantage exists such that subsequent white sites released shortly after the first white site are likely to fetch lower land prices. Nevertheless, the land price would still reflect the alternative land use value. The predictions of our model are consistent with an empirical case study of proximate white sites.

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“White” Site Valuation: A Real Option Approach Care

Cited by 2 publications

References 0 publications

Study on land use characteristics of rail transit TOD sites in new towns—taking Singapore as an example

Study on land use characteristics of rail transit TOD sites in new towns—taking Singapore as an example

Strategic considerations in land use planning: the case of white sites in Singapore

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