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Price Features of the Singapore's Secondary Housing Market in the Islamic Region
The Singaporean housing market is a non-standard one as most objects on it are public and have detailed
information for analysis and are publicly available. This kind of housing does not fully belong to hosts, ownership rights are based on lease contracts for 100 years. Due to rapid development of Asian economies and the Singaporean economy in particular, investors from all over the world look at these real estate objects attentively. An analysis of the determinantsof pricing in the secondary housing market in Singapore (in the Islamic region) will compare the benefits of Islamic housing finance and traditional finance. Current research is dedicated mostly to the secondary market, it throws light upon the lease age effect on the price of Singaporean flats in changing economic conditions. The study shows that the age significantly influences resale flat prices and that macroeconomic factorsare also extremely important in the process of modelling.