Research Topic (Global Challenge): aging population
Chosen Area of Focus: The positive and negative effects of social networking on our mental health
Group Members’ Names:
a)Go Zong Han
1. Statement of problem (framing our research topic):
-How would Singapore deal with the housing issues due to the rising population?
2. Research Objectives
-We ultimately aim to use the information to try to see if Singapore is coping well with the increase in population by increasing the number of houses being built in the market.
3. Literature Review (Brief summary of at least 3 sources that you have consulted with reference to your research topic)
-This website is about how after 18 months of stable Build-To-Order flat prices, Mr Khaw declared in Parliament last month that he wanted new flats in non-mature estates to cost four times the annual median salary of a buyer - down 30 per cent from the current 5.5 times.
Should flats be an appreciating asset or a public good? How can it meet the silver tsunami of retiring Baby Boomers and the higher housing aspirations of younger Singaporeans at the same time? In his interview, Mr Khaw did not want to be drawn into discussing the pros and cons of policy options, for fear of in fluencing the coming conversations.
-This link discuses more about the HDB Loan Eligibility (HLE) letter (which is used for various kinds of HDB loans) and what kinds of households are eligible to apply for it.
-This is about how even before Mr Khaw stepped into this job, he was clear about wanting to make use of HDB's dominant market leadership position to influence prices, as he said, adding: "I can't set market prices in the private sector, but I can influence them." He dismissed worries that delinking new flat prices from the resale market would mean indefinitely increasing the subsidy that taxpayers give toHDB buyers, as the property market moves in cycles and "What goes up must come down".
If there is another supply crunch like that of the last few years, BTO buyers will come into a windfall as resale prices pull away from those for new flats.
4. Proposed Hypotheses
-We think that Singapore is able to cope with the rising and aging population as there are more and more houses with wheelchair accessibility for the elderly and/or the disabled to move around with more ease.
5. Research Plan (Describe how you intend to design your research i.e. who/what you are going to research on, how many respondents, your study area/location etc)
-We are going to use information on the housing estate in the immediate vicinity to do our research on. We can use data gathered form various government and real estate websites to make a few charts or graphs to compare our data with.
6. Methodology (Describe what methods you are using to collect data, where and how the data can be collected and analysed)
-We are going to use the internet and information from the various sources to make a few charts showing how the population increases in terms of size and the number of houses being built.