JFRM  Vol.1 No.2 , June 2012
Structural Change Modeling of Singapore Private Housing Price in Simultaneous Equation Model
ABSTRACT
This paper investigates the structural change behavior of Singapore’s private housing market and in particular the impact of government policies on housing price determination. A structural model of price is established and the “Regressive Segmentation (RS)” method is applied to detect the changing points without prior knowledge of the structural changes. Our study shows that the changing points indicated by the RS method are consistent with the timing of the policy changes.

Cite this paper
Huang, W. & Zhang, Y. (2012). Structural Change Modeling of Singapore Private Housing Price in Simultaneous Equation Model. Journal of Financial Risk Management, 1, 7-14. doi: 10.4236/jfrm.2012.12002.
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