IS428 2016-17 Term1 Assign1 Chen Huiyan
Revision as of 02:52, 29 August 2016 by Huiyan.chen.2015 (talk | contribs) (→Problem and Motivation)
Contents
Abstract
The focus of this project is to reveal patterns regarding the share of private properties supply as well as the distribution of the private properties prices in 2015. Through these findings, the project is able to provide policy recommendations for 2016.
Problem and Motivation
According to available executive condominium chart, except for quarter4 in 2015, the vacancy rate of each quarter is around 15% and for available private properties chart, the vacancy rate is around 7% or 8%, although the price of private property is declining in 2015. From this phenomenon, we can induce that the demand for private properties is not promising. Therefore, the government may consider easing cooling measurement to stimulate the private property development.
