HDB Resale Prices and SORA Rates

Comparing HDB resale prices and transaction patterns across towns alongside changes in SORA interest rates.

PythonSQLMAS APIGeoPandasHDB ResaleInterest RatesSORAMacroeconomic Signals

In brief: Combined interest-rate data and town-level resale comparisons in one analytical workflow.

Conceptual comparison of HDB resale inputs and the SORA interest-rate backdrop; no empirical series shown
Conceptual comparison of HDB resale inputs and the SORA interest-rate backdrop; no empirical series shown
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Research Question

How did HDB resale prices and transaction patterns vary across towns as Singapore’s interest-rate environment changed?

Data and Method

I combined MAS SORA data with HDB resale transactions. SQL queries compared 2023 activity with earlier periods and isolated higher-value transactions. Python and GeoPandas aggregated the results by town and prepared maps.

Comparisons

The analysis examined:

  • changes in median resale prices between 2022 and 2023
  • the location of higher-value resale activity
  • changes in transaction patterns alongside the interest-rate backdrop

The project provided a way to read financing conditions alongside local market activity. These comparisons describe how the series moved together; they do not isolate the effect of interest rates on prices.

Original project output

The cover above illustrates the method. This screenshot preserves an output from the original project.

Original HDB resale dashboard with map and interest-rate comparison
Original HDB resale dashboard with map and interest-rate comparison
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