Economists sound note of caution on flip side of the sharing economy (Page 6)

Saturday, 21 October 2017

The Business Times Weekend

This was a report on the Singapore Economic Policy Forum 2017 jointly organised by the Department of Economics at NUS Faculty of Arts and Social Sciences and the Economic Society of Singapore on 20 October 2017 at the Regent Hotel. At the forum, themed Preparing Singapore for the Future Economy, Professor Ivan Png of NUS Department of Economics unveiled his findings on the “Airbnb effect” on Singapore, in a study said to be the first of its kind in Asia. His research found that the home sharing platform had an effect on residential real estate transactions; there was a correlation between the penetration of Airbnb hosts in a residential block and the resale prices of that block over time.

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