Difference between revisions of "ISSS608 2016-17 T1 Assign1 Aditya Hariharan"

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(Created page with "=Abstract= <br> Singapore has a land mass of 719.1 square km with over 6 million people, and this is the reason why Singapore is one of the worlds most expensive housing marke...")
 
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=Abstract=
 
=Abstract=
 
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Singapore has a land mass of 719.1 square km with over 6 million people, and this is the reason why Singapore is one of the worlds most expensive housing market. Singapore residential property falls into 2 categories : Public housing (HDB flats) and Private Housing (Condominiums, Landed property and Executive Condominiums). In this write up we will discuss over the resale pricing of the Public Housing and we will try to analyse the price variation over the years based on different underlying factors such as flat type, month, flat model etc.
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Data has an important story to tell. They rely on us to give them a clear and convincing voice. The data used in the ensuing report has been taken from the government of Singapore’s open data portal ‘data.gov.sg’ to answer certain essential questions related to the supply and prices of housing units in Singapore’s resale public housing market.
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In this assignment I will be exploring various trends in Singapore’s resale public housing supply and price distribution across the various towns and residential areas within Singapore. The main variables I will be considering are:
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1. The number of resale applications in Singapore
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2. Each Flat type and their sum total and average number of applications
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3. The price of the Housing Units across the geography of Singapore.
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=Problem and Motivation=
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From the data extracted from the open portal, it is clear that there is a clear dilution of supply in housing units for quarter-1 of 2015 which immediately spikes up in Quarter 2 and reduces slightly from there in the next 2 Quarters. The supply is maximum in Quarter 2 which could be inferred as a drop in demand for the housing for the same quarter.

Revision as of 17:49, 29 August 2016

Abstract


Data has an important story to tell. They rely on us to give them a clear and convincing voice. The data used in the ensuing report has been taken from the government of Singapore’s open data portal ‘data.gov.sg’ to answer certain essential questions related to the supply and prices of housing units in Singapore’s resale public housing market. In this assignment I will be exploring various trends in Singapore’s resale public housing supply and price distribution across the various towns and residential areas within Singapore. The main variables I will be considering are: 1. The number of resale applications in Singapore 2. Each Flat type and their sum total and average number of applications 3. The price of the Housing Units across the geography of Singapore.

Problem and Motivation

From the data extracted from the open portal, it is clear that there is a clear dilution of supply in housing units for quarter-1 of 2015 which immediately spikes up in Quarter 2 and reduces slightly from there in the next 2 Quarters. The supply is maximum in Quarter 2 which could be inferred as a drop in demand for the housing for the same quarter.