IS428 2016-17 Term1 Assign1 Bong Jun Hao

Abstract

This project aims to look at the private property outlook in Singapore, using data of private properties in 2015 extracted from the URA's REALIS database. It focuses on 2 aspects, the supply of private properties as well as their prices.

Problem and Motivation

With the Population White Paper released in 2013 by the Singapore Government projecting Singapore's population as 6.9 million in 2020, there is an underlying meaning with this projection as it seems to indicate that there would be an influx of foreign talents to support and reach this population since our birth rate at 1.25 in 2015 is not enough to replenish our own population; let alone increase it.

The housing policy in Singapore is such that the foreign talents or expats are not allowed to purchase public housing, and as such their choices are limited to that of private properties.