The full text of this article
Using a systems thinking approach to address the affordability of housing for Singaporeans
by Nam C. Nguyen; Kwamina E. Banson; Ockie J.H. Bosch; Jing Zhi. Fang; Benjamin C.S. Heng; Claudia S.W. Lee; George Lim; Liang Zijie; Thanh V. Nguyen
International Journal of Markets and Business Systems (IJMABS), Vol. 2, No. 3, 2016
Abstract: The Singaporean Government has been attempting to control and stabilise hikes in prices among the private and public housing since 2009. This hike in prices is mainly due to high demand of housing properties in Singapore as a result of the influx of foreigners and economic growth. The increasing housing prices render a substantial negative effect on consumption expenditures of citizens which lead to a drop in average propensity to consume (APC). The purpose of this research paper is to identify the leverage points in the causal loop diagrams for housing affordability by the Housing Development Board (HDB) for Singaporeans. This research therefore uses systems thinking tools embedded in the first five steps of the evolutionary learning laboratory (ELLab) framework to identify the root causes and determine the components and interactions related to the problem of HDB affordability. The results of this research show that, land space availability, technology, disposable income and immigration policy are the keys to leverage affordability of housing prices. The research findings and recommendations can complement the current solutions provided by the HDB and the Singaporean Government.
Online publication date: Mon, 09-Jan-2017
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Markets and Business Systems (IJMABS):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email email@example.com