Singapore Joe Looks for a House in Singapore. But it's too expensive

A SIBOR Forecaster: Can SG Joe Afford Housing Bank Loans?

I did up this SIBOR forecaster a couple of months as part of my John Hopkins Data Science Specialisation. The seed of the idea came from my own (very shallow) experience with comparing housing bank loans in Singapore.

I was trying to answer: “Can I still afford bank loans 10 years down the line?”

I felt like Singapore Joe…

Singapore Joe Looks for a House in Singapore. But it's too expensive

So I thought of forecasting SIBOR based on historical data.

I know I know. Historical Forecast Isn’t The Most Accurate

But it’s all I got.

So I scraped years of SIBOR data from MAS Domestic Interest Rates and  made a Shiny App in R.

SIBOR Forecaster at https://skybe077.shinyapps.io/proj/

Try it at https://skybe077.shinyapps.io/proj/

It’s a 1-month SIBOR Forecaster where you can choose:

  1. Length of Home Loans
  2. Start and End Dates for Forecasting Years

In addition to the graph, it also returns a table of possible SIBOR forecast tables.

Obviously, it needs to consider more features like FED rates and maybe the news. But it’s a start at predicting the future.

Now’s that a place where I’d like to live in.

 

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