Beruflich Dokumente
Kultur Dokumente
Introduction
This academic exercise requires students to examine bidding data under the
Government Land Sales Programme (GLS) for the two following categories of
land uses:
(A) Private Condominium (PC) Sites sold by URA/HDB: and
(B) Executive Condominium (EC) Sites sold by HDB.
Students are required to evaluate whether ideas/concepts garnered from game
theory are capable of providing insights/explanatory power to account for the
empirical data as well as developers bidding behaviour.
2.0
Formation of Subgroups
Students are at liberty to form subgroups of varying sizes as per the following
table:
S/No
1
2
3
Name of subgroup
(differentiated by number
of students in a subgroup)
Alpha
Beta
Delta
Number
of students
per subgroup
1 or 2 students
3 or 4 students
5 or 6 students
It is not necessary for students in a subgroup to all come from the same RE3101
tutorial group. For example, a 4-member subgroup could have students all
attending different tutorial groups.
3.0
The empirical data for the project could be drawn from bids submitted for sites
sold under the GLS from 1 Jan 2010 onwards.
(A) Private Condominium Sites sold by (i) URA and (ii) HDB:
Scope of Report
Using data from 1 Jan 2010 onwards,
calculate the Coefficient of Variation
(COV) in respect of the bids submitted
for each site under the Private
Condominium category. Do the same
for the EC sites.
Issue #1
Beta (comprising 3
or 4 students)
Issue #1
Issue #2
Delta (comprising 5
or 6 students)
Issue #1
Issue #2
5.0
Written Report
Name of Subgroup
Maximum page-length
(excluding 1 page of ES and 6 pages of Appendices)
1
2
3
Alpha (1 or 2 students)
Beta (3 or 4 students)
Delta (5 or 6 students)
15
25
35
Please bear in mind that an ES provides a succinct summary of the key findings
of the project. The ES is not an introduction of the report. The busy executive if
short of time could just read the ES and still has a good idea of the findings of the
report.
Each subgroup will have to decide on how best to structure the format and
presentation of their written report.
6.0
Grading of Project
For the purpose of grading, equal weights will be assigned to each of the 2
issues addressed in the report:
Issue #1
Issue #2
Total
50%
50%
100%
This project as a whole will contribute 20% to the RE3101 module grade.
Upon submission of the final report by a subgroup, it will be assumed that each
member of the subgroup has contributed his/her fair share of effort towards the
final report. Free-ridership problem, if any, should be resolved early and internally
within each subgroup.
Each member of a subgroup will receive the same marks for the project. The
grading of the report will not be biased upward or downward on account of the
subgroups size.
7.0
Please submit a soft PDF copy of your report to the IVLE Workbin by 1700 hours
(5:00 pm), 13 November 2015 (Friday). There is no requirement to furnish a hard
copy of the subgroups report to the lecturer.
All information should be consolidated in ONE PDF file for uploading to the IVLE
Workbin.
8.0
Please submit all your queries about the project in the IVLE Discussion Forum. I
will answer all queries about the project in the IVLE Discussion Forum.
APPENDIX I
APPENDIX II
APPENDIX III
10
APPENDIX IV
No of Bidders
11
APPENDIX V
12