AISingapore public servants reportedly bought property near future metro stations before announcements
A post citing NBER Working Paper 35756 says researchers used AI to analyze Singapore property deals and found public servants buying near future metro stations one to two years before official announcements, at a rate 60% above normal.
TLDR
According to a post summarizing NBER Working Paper 35756, Stanford and Columbia researchers used AI to examine Singapore property transactions from 1995–2019 and cross-reference them with records for 141,000 public servants. The post says public servants bought property near future metro stations before official announcements, with relatives showing the same pattern. It reports resale returns of 12% a year and says real estate agents and company directors did not show the same buying pattern. According to the account, the pattern among public servants and relatives disappeared after Singapore tightened enforcement in 2012.
