IS428 2016-17 Term1 Assign1 Lim Hui Ting

Abstract

In recent years, there is a growing concern of oversupply of residential property in Singapore which many speculate that it could be due to the cooling measures in place that led to a sharp fall in demand for private residential property amid hefty supply. Thus, this assignment aims to analyse the private residential property market in Singapore by looking at the supply and prices of these properties in 2015 and provide recommendations to the current housing policies for 2016.

Our analysis shows that the current private residential property market is not stable enough for the cooling measures to be lifted off due to an increasing trend of speculative buying in the Condominium market. However, the possibly oversupply of Condominium in the market may requires necessary adjustments to the current housing policies before a downward spiral of Condominium prices occur.