ISSS608 2016-17 T1 Assign1 Thian Fong Mei

Abstract

Public housing has been said to be a Singapore icon, with HDB housing more than 80% of Singapore’s resident population. (http://www.hdb.gov.sg/cs/infoweb/about-us/our-role/public-housing--a-singapore-icon). Indeed, home ownership has been the aspiration for many. For first timers looking to purchase a unit in public housing, there is always the dilemma of buying a flat direct from HDB or a resale flat from the open market. Purchasing a flat direct from HDB, though cheaper, has a longer wait time depending on how long the developer takes to build the new units. With Cash over Valuations (COVs) dropping in recent years, a resale flat seems within reach for first timers again. This analysis targets the HDB resale transactions which occurred in 2015 and first half of 2016 only.