Fig. 5

Trends for Price Premiums (A) and Listings with Related Keywords (B). Note 1: Panel A shows the trend of price premiums with the event study analyses focusing on how the price premium for each feature changed in each quarter compared to the 1st quarter of 2019 as a baseline. Panel B shows the trend of the share of listings advertised with each keyword category at each data collection point. Note 2: The keywords we used for each category in Panel B are as follows: (1) ‘view’ keywords include river view, seaside view, greenery view, open view, beautiful view, garden view, superb view, park view, nice view, unblock view, panoramic view, view beautiful, view good, great view, high floor, balcony; (2) ‘rooms/space’ keywords include plus study, sized bedroom, study room, bedroom plus, spacious bedroom, bedroom spacious, 4 full bedroom, 5 full bedroom, 5room, 4room, 5bedroom, 4bedroom, 3bedroom, 5i, 5a, 4a; (3) ‘public transport’ keywords include mrt, lrt, bus, train, station; (4) ‘central location’ keywords include central, city centre, cbd, central district names(e.g. raffles, orchard), and ‘location’. Note 3: For the online listings, we collected data at 10 distinct time points as follows: October 28, 2019; September 29, 2020; November 2, 2020; December 4, 2020; January 14, 2021; February 21 2021; March 26, 2021; March 29, 2021; May 27, 2021; and July 19, 2021