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The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.
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 1981, Malaysia decided to standardise the time across its territories to a uniform UTC+08:00. Singapore elected to follow suit, citing business and travel schedules. [14] [15] The change took effect on New Year's Day (1 January) 1982 when Singapore moved half an hour forward on New Year's Eve (31 December) 1981 at 11:30 pm creating "Singapore Standard Time" (SST) or "Singapore Time" (SGT). [16]
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
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Jeyaretnam also called for the Singapore Land Authority (SLA)―an agency led by Shanmugam alongside Second Minister for Law Edwin Tong [7] ―to "shed some light on the auction process". [8] 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 ...
The main purpose of this page is to list the current standard time offsets of different countries, territories and regions. Information on daylight saving time or historical changes in offsets can be found in the individual offset articles (e.g. UTC+01:00) or the country-specific time articles (e.g. Time in Russia).