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The present value of ground-rent is the basis for land prices. A land value tax (LVT) will reduce the ground rent received by the landlord, and thus will decrease the price of land, holding all else constant. [citation needed] The rent charged for land may also decrease as a result of efficiency gains if speculators stop hoarding unused land.
In the early 1990s large urbanization in Hong Kong, Singapore, Thailand, Philippines and other Southeast Asia countries brought about a large housing price appreciation. Asia attracted global economic interest up until the economic crash of 1997. A decade later, the Asian economy has been stabilized, and has allowed the property market to advance.
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 February 2025. Regulations to reduce increases in housing rents "Rent control" redirects here. For other uses, see Rent control (disambiguation). Part of a series on Living spaces Main House: detached semi-detached terraced Apartment Bungalow Cottage Ecohouse Green home Housing project Human outpost I ...
Jeyaretnam also called for the Singapore Land Authority (SLA)―an agency led by Shanmugam alongside Second Minister for Law Edwin Tong [8] ―to "shed some light on the auction process". [9] In response, the SLA stated in a press release dated 12 May 2023 that "(t)he rentals of SLA properties at No 26 and No 31 Ridout Road were performed in ...
Singapore has reclaimed land with earth obtained from its own hills, the seabed, and neighboring countries. As a result, Singapore's land area has grown from 581.5 km 2 in the 1960s to 725.7 km 2 today, and will increase slightly more due to the construction of sea polder and barrage to deal with the ever-rising sea level.
A Development Guide Plan is then drawn up for each planning area, providing detailed planning guidelines for every plot of land throughout the country. [2] The planning areas were first introduced in the early 1990s after the release of the 1991 Concept Plan. [5]
Bubbles can be determined when an increase in housing prices is higher than the rise in rents. In the US, rent between 1984 and 2013 has risen steadily at about 3% per year, whereas between 1997 and 2002 housing prices rose 6% per year. Between 2011 and the third quarter of 2013, housing prices rose 5.83% and rent increased 2%. [19]
This model is the urban equivalent of von Thünen's rural land use model in that both are based upon locational rent. The main assumption is that in a free market the highest bidder will obtain the use of the land. The highest bidder is likely to be the one who can obtain the maximum profit from that site and so can pay the highest rent.