ISSS608 2016-17 T1 Assign1 Kuar Kah Ling

Abstract

An exploration into the trend of Singapore’s resale housing. In Singapore, it is said that approximately 80% of the population lives in public housing. As such, these charts are created to develop a more in-depth observation of what kind of trend or patterns Singaporeans consider in purchasing of a resale home. The charts indicate a few variables such as geographical locations, flat types, storey level and how these variables can affect the overall pricing of the resale homes.

Motivation

As a young female adult living in Singapore, sales and resale of public housing is of personal interest. With the high inflation and high cost of living in Singapore, it is no doubt that most young Singaporeans and newly-wed couples are struggling to find a place of their own to settle down. Even though key factors such as geographical locations are of importance, the fact ultimately lies with affordability. This study enables us to observe when in consideration of purchasing a resale home, which ones are the most ideal and affordable. On top of that, it also offers an estimated indication on whether the ideal resale housing could be a future investment asset.