IS428 2016-17 Term1 Assign1 Yang Chengzhen

Abstract

This project aims to analyze the private residential market in year 2015. The 2 main focus will be price distribution and supply shares analysis based on data provided by Urban Redevelopment Authority. The results may facilitate property policy makers to have a better overview of the market thus alter the policy to coordinate property supply and demand. At the same time the buyers can take it as reference for choosing the properties.

Problem and Motivation

Singapore is a country with limited land supply while the demand for private residential properties has been fairly high. The government has adopted Singapore Property Market Cooling Measures since 2009 to ease the property market. 6 years passed and the market price has been gone up and down. At year 2015, is the Cooling Measures making effect in the marketplace? Is it time to loosen up / relax the policy? How should the measures to be adjusted to better measure and control the market? We may find the answer through the analysis of property price and supply.