IS428 2016-17 Term1 Assign1 Tan Yong Kiong Alson
Infographics
Abstract
How can Singapore achieve its target of 6.5 million population in 2030?
We will look at the various supply and price distribution factors in terms of geographical location and property type to determine the policies to be implemented in 2016.
In Singapore, more than 50% of all available units reside in the Central Region. Therefore, Singapore must look towards the West Region for building of new units due to its larger untapped residential areas.
Due to high vacancy rates of apartments and condominiums in Central Region, foreign buying restrictions are required to stem out this growth.
Cooling measures, especially for apartments, are necessary to stabilize prices and prevent excessive speculations. It also ensures affordability for potential residents in the future.
Problem and Motivation
The housing issue has always existed since Singapore's independence in 1965.
