IS428 2016-17 Term1 Assign1 Nguyen Luong Thanh Minh

Abstract

2015 is projected to be a futile ground for private properties in Singapore. Domestic and foreign investors are warily keeping abreast of a debilitating economic climate, given the ongoing downswing in prices and transaction volumes. This project aims to apply visual analytics to analyze the 2015 property market in Singapore.

Problem and Motivation

The recent slowdown in the private property market puts a great pressure on both developers and buyers. Understanding the patterns behind the changes in private property market can provide us with great hindsight to come up with policies that might help soothing the problem.

One of main problems this project aims to solve is understanding the trend in private property price in Singapore. Hence, by analyzing both supply and demand factors, come up with a possible theory on explaining why such a trend in price is observed. This theory is the foundation for the policies recommendations that might help improve the current issue.

The variables this project deals with are mainly different price of different private property types in Singapore, along with how many units are being supplied and sold within the given time frame. After analysis is carried out, this project would aim to question the following policies: Allowing HDB owners to purchase additional properties and cut down private property supply by 25%.

Results