Group07 Overview
Be a REALIST
Uncover the Truth in Singapore Property Market
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Singapore government closely observe the property market and implementing new policies as cooling measures to avoid heating up in the market. Even though there are several government and non-government organizations already having visualization tools to explain the property market in Singapore, the complicated nature of property market making it inevitable to bring new tools for better understanding and visualizing clearly all the changes in the market.
By applying various R packages, our application will facilitate users to recognize all the existing patterns, see the differences between distinct areas and respective price changes over the time.
Firstly, we demonstrate the comparison between total units sold and SIBOR (Singapore Interbank Offered Rate) which serves as a main factor of the fluctuation in number of unit sold.
Secondly, by creating the geofacet map for Singapore we visualise the median unit price changes over the time from perspective of planning area and postal district.
Third, by using coordinated tree map and ridgelines plot we demonstrate depending on the user preference total units or number of projects and the level of the median price in the tree map as well as the distribution of median unit price by property type and sales type in the ridgelines respectively.
Lastly, we map median unit price and by applying Local Indicators for Spatial Autocorrelation map we demonstrate our in depth analysis via showing the clusters in the spatial arrangement. We have deepened our analysis by introducing relative price ranges inside the clusters and allow the users to choose the number of neighbour projects in order to compare the median price between that specific projects. For the above mentioned ridge lines and LISA analysis all the property types such as apartment, condominium, executive condominium, detached house, semi-detached house, terrace house as well as different type of sales such as new sale, resale and sub-sale were provided to drill down.
