ISSS608 2016-17 T1 Assign1 Lim Hui Ting Jaclyn

Problem and Motivation

The property market in Singapore… Since the cooling measures that were introduced in 2013, it was reported that the prices of resale houses in the property market has gone down, with the supply increasing. As such, there has been debate about whether the cooling measures should be relaxed or not. Hence, through this assignment, I hope to verify if the phenomenon reported is correct. The increase in supply and decrease in transaction prices can be attributed to many internal and external factors, such as economic downturn. However, I will retain the scope of this assignment to internal factors, such as the number of years of lease left, and the town the resale public houses are situated in. From my analysis, I will try to answer the question of whether the cooling measures have been working effectively, in the public resale housing market.

Approaches

Data Preparation

Data Set

The data set, Resale Flat Prices Based on Registration Date from March 2012 Onwards, has been retrieved from: http://data.gov.sg, as it is a publicly available dataset provided by the government. This set of data helps us to look at the shares of the resale public housing supply, as well as the distribution of the resale public housing prices.

In order to prepare the data for the analysis, I had to make modifications to the given dataset.