IS428 2016-17 Term1 Assign1 Dina Heng Li Gwek
Abstract
The focus of this article will be to observe the trends of private properties in Singapore. I will be working on meaningful visualization and charts to aid consumers in understanding the future trends and make better decisions. Potential home buyers can use my infographics to decide on which property to get to earn the highest profit should they intend to sell it in the near future. However, I would like to emphasize that this is not a one-size-fit-it-all prediction model as there are multiple external factors that come into play such as economic factors and government policies.
Problem and Motivation
There has been an oversupply of residential properties in 2015. This could be due to the fact that government has been putting in place cooling measures to keep the property prices low to prevent the property bubble burst. There has always been a demand for residential properties in Singapore. The question is: whether the supply has far exceeded the demand? Therefore, this project helps us to understand and analyze to see if there has been an oversupply of residential property in Singapore and discuss if the Singapore government should lift the cooling measures in order to save the property market in Singapore.
Approaches
Tools Utilized
Excel 2016: To prepare data and perform data transformation
Tableau: Visual representation by drawing up graphs and charts
Piktochart: Created an infographic
