Government Supply of Land in a Dual Market
Posted: 23 Aug 2010 Last revised: 30 Sep 2010
Date Written: August 20, 2010
A dual land market is one in which the government owns a significant portion of developable land while real estate development is done primarily by the private sector. This paper examines Singapore’s experience with its system of government land supply in a dual market, focusing on its response to market signals as well as the interaction with the significant private supply of land. The example is relevant to the general problem of government sales of valuable assets. The private supply of developable land behaves in line with expectations. The government response to price signals differs only modestly from that of private landowners.
Keywords: government land, land auction, government land sales
Suggested Citation: Suggested Citation