IS428 AY2019-20 T1 EC Inspector: Proposal V2
After consultations with Prof KAM, we felt that our previous scope of the proposal is too board and we were not able to find detailed data on cessation of businesses. Therefore, we revised our project topic to inspect on Executive Condominium in Singapore.
Contents
Problem & Motivation
Executive Condominium (EC) is a special type of public housing in Singapore, which is similar to private condominiums in terms of facilities and amenities. Introduced in Q2 1996, it was meant to cater to the needs of the middle income home buyers; especially young graduates and professionals who can afford more than a HDB flat but find private property to be out of their reach. For direct purchases from a developer, there is a minimum occupancy period of five years, only after which the EC can be resold or rented for whole.
It has been over 20 years since EC was first introduced. Is it still popular in real estate market in Singapore, or the need for this kind of housing has already been decreasing? How is EC distributed in Singapore? How has the price of EC been changing over the two decades? In this project, we hope to find out the real value and status change of EC in Singapore since 1996 considering economic factors such as inflation rate through our visualization.
Datasets
| Data | Variables |
| Transactions Records of Executive Condominium since 1996 Source: SMU Library Database https://spring-ura-gov-sg.libproxy.smu.edu.sg/lad/ore/property_market/index.cfm |
|
| Consumer Price Index (CPI), Base Year 2014 = 100, Annual Source: https://www.tablebuilder.singstat.gov.sg/publicfacing/createDataTable.action?refId=12005 |
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| Planning Areas in Singapore Source: https://data.gov.sg/dataset/planning-area-census2010 |
.shp files |
Background Survey of Related Work
Please find some related work below:
1. https://zuuonline.sg/property/local-properties/executive-condominiums-still-a-value-buy-in-the-current-market
2. https://www.propertyinvestsg.com/the-singapore-property-market-in-9-charts/
3. https://www.globalpropertyguide.com/Asia/Singapore/Price-History
Technical Challenges
| Challenge | Type | Mitigation Plan |
|---|---|---|
| Lack of experience in visualizing with R | Technical | Allocate time in our project schedule for self learning; organize knowledge sharing session on R |
| Lack of experience in designing suitable visualizations | Design practices | Research about best practices of visualizing; explore and try out different ways of visualization |
| Time limitation and workload allocation | Project management | Arrange meetings and divide work in advance; set a deadline for every member |
Milestones
References
1. Executive Condominium, from https://en.wikipedia.org/wiki/Executive_Condominium
2. Transactions Records of Executive Condominium since 1996, from https://spring-ura-gov-sg.libproxy.smu.edu.sg/lad/ore/property_market/index.cfm
3. Consumer Price Index (CPI), Base Year 2014 = 100, Annual, from https://www.tablebuilder.singstat.gov.sg/publicfacing/createDataTable.action?refId=12005
4. Planning Areas in Singapore, from https://data.gov.sg/dataset/planning-area-census2010
5. Orange Tee Research, from https://zuuonline.sg/property/local-properties/executive-condominiums-still-a-value-buy-in-the-current-market
6. Singapore Property Market, from https://www.propertyinvestsg.com/the-singapore-property-market-in-9-charts/
7. Property Price in Singapore, from https://www.globalpropertyguide.com/Asia/Singapore/Price-History
