MIEC Project TB25 Team LPeh by Chee Hin Liong https://padlet.com/s10178257/nm8tzz474jxr Topic on supply and demand of houses in Singapore, by Liong Chee Hin, Emmanuel Lai, Lim Ting Ze, Nigel Low, Fabian Loh en-us 2017-06-25 05:14:39 UTC 2025-12-10 12:02:26 UTC hello@padlet.com MIEC Project brief for reference s10178257 https://padlet.com/s10178257/nm8tzz474jxr/wish/177362277 2017-06-25 06:13:36 UTC https://padlet.com/s10178257/nm8tzz474jxr/wish/177362277 Statistics of housings Q1 2014 s10178257 https://padlet.com/s10178257/nm8tzz474jxr/wish/177363226 2017-06-25 07:28:42 UTC https://padlet.com/s10178257/nm8tzz474jxr/wish/177363226 Increase in housing prices s10178257 https://padlet.com/s10178257/nm8tzz474jxr/wish/177365002 Price increases are expected in the future so people want to act now and treat purchases as investments which will end up in profits in the future. 
It can also be seen as an increase in demand from a growing population and limited land supply to cause the price hike]]> 2017-06-25 08:45:48 UTC https://padlet.com/s10178257/nm8tzz474jxr/wish/177365002 Decrease in private housing sales fabianloh9 https://padlet.com/s10178257/nm8tzz474jxr/wish/177371208 According to tradingeconomies.com, Singapore's prices for consumer goods increased 1.4% in May 2017. As the prices increase, the real income of consumers decrease as they are able to buy lesser items with the same amount of income. Furthermore, private housing is a luxury good, making it price elastic. According to the law of demand, the price of a good is inversely proportional to the demand of the good. As a result, due to a fall in the real income of consumers, the demand for private housing will decrease, as seen in the article, where demand for private housing decreased by 34% from April to May.]]> 2017-06-25 13:18:32 UTC https://padlet.com/s10178257/nm8tzz474jxr/wish/177371208 Statistic for decrease in housing sales. fabianloh9 https://padlet.com/s10178257/nm8tzz474jxr/wish/177371213 2017-06-25 13:18:46 UTC https://padlet.com/s10178257/nm8tzz474jxr/wish/177371213 Thank you for your Padlet submission and your articles and analysis interesting. You may want to include the government intervention to cool the property market. Policies such as TDSR, ABSD etc. These have proven to be effective in reigning the property price averting high inflation on property and possibility on other commodities. Well, hope to receive you Padlet report. lek2 https://padlet.com/s10178257/nm8tzz474jxr/wish/177517598 2017-06-27 06:42:16 UTC https://padlet.com/s10178257/nm8tzz474jxr/wish/177517598