3. Population (Demand) vs Total Number of Units (Supply)
I would deem the total number of residents of the town as the demand. While the total number of condominium and apartment is equivalent to the supply.
I got these data from the Department of Statistics Singapore.
I take Tampines estate as an example. There are more than 250,000 residents and 26,900 units of condo in Tampines, and the rest stay in HDB flat.
I divided the number of residents by the number of units. I get 9.5. Let’s round up to 10.
In other words, in every 10 persons in Tampines, there is only 1 stay in a private condo. The higher the number, the better the demand oversupply.
Let’s look at another example, this time I am looking into a subzone.
Ok, Potong Pasir. The total number of residents is 11,700. And the total units of condo is 1,790.
After dividing the numbers, I get 6.5. So, I round up to 7.
Meaning that in every 7 persons in Potong Pasir, there is 1 stay in a private condo.
I have done the summary for every single estate. As a result, I feel that Outram seems to be the highest demand oversupply in Singapore.
By using this concept, you can identify the supply and demand of each location.
I have the subzone numbers which is more detail. If you wish to download, click the link here.