IS428 2016-17 Term1 Assign1 Jonathan Eduard Chua Lim

Abstract

Private property in Singapore is less regulated than public housing.. As such, the private property market has less barriers for Singaporeans and foreigners who wish to purchase private property, assuming that they have the financial means to do so. With many Singaporeans choosing to buy private properties for “investment” as opposed to “necessity”, is it justifiable for private properties in Singapore to be priced at their current prices, with respect to the supply of private property? Should the government let market forces take its course, or intervene in order to prevent a housing bubble, that may result in the sudden depreciation of property value when the bubble “bursts”?