Economics Extended Essay
How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008? ____________________________________________________________________________________________________
International Baccalaureate Diploma Programme
Extended Essay Economics
How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008?
Word Count: 3995
By: School: ACS (International) Year: 2009
International Baccalaureate - Extended Essay
1
How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008? ____________________________________________________________________________________________________
Abstract
For my extended essay, I chose to investigate the relationship between the Singapore’s economic contraction and the decline of the country’s property market. Hence, my research question is: How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008? In order to answer this question, I have divided my investigation into two main parts – firstly, to establish links between the economic contraction in Singapore and non-landed private residential property prices and then, to investigate the varying impact on non-landed private residential property in different regions of Singapore. My investigation incorporates both primary and secondary research. My primary research is an interview with an experienced property agent, while my secondary research consists of statistics provided by the government, news articles, property reports and records of property transactions. My primary research has given me a much better understanding of the property market as well as consumer mentality. My secondary research on the other hand,
International Baccalaureate Diploma Programme
Extended Essay Economics
How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008?
Word Count: 3995
By: School: ACS (International) Year: 2009
International Baccalaureate - Extended Essay
1
How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008? ____________________________________________________________________________________________________
Abstract
For my extended essay, I chose to investigate the relationship between the Singapore’s economic contraction and the decline of the country’s property market. Hence, my research question is: How has the economic contraction in Singapore affected the country’s non-landed private residential property prices during the last 2 quarters of 2008? In order to answer this question, I have divided my investigation into two main parts – firstly, to establish links between the economic contraction in Singapore and non-landed private residential property prices and then, to investigate the varying impact on non-landed private residential property in different regions of Singapore. My investigation incorporates both primary and secondary research. My primary research is an interview with an experienced property agent, while my secondary research consists of statistics provided by the government, news articles, property reports and records of property transactions. My primary research has given me a much better understanding of the property market as well as consumer mentality. My secondary research on the other hand,
Bibliography: “Business Expectations Survey, First Quarter 2009”. (2009) Retrieved 26 April 2009 from Statistics Singapore. Website: Chen, Gabriel Chen, Gabriel. “DBS to cut 900 jobs.” (November 8, 2008). Retrieved 26 April 2009 from Straits Times. Website: Goh, Adeline “MarketView Singapore, Fourth Quarter 2008.” (2009). Retrieved 26 April 2009 from CB Richard Ellis. Website: Mu, Xuequan “Release of 4th Quarter 2008 real estate statistics”. (23 January 2009) Retrieved 26 April 2009 from Urban Redevelopment Authority. Website: “The Knowledge Report, Market Overview, January 2009.” (2009) “Unemployment.” (2009). Retrieved 26 April 2009 from Ministry of Manpower. Website: International Baccalaureate - Extended Essay