New Homes Supply

47,273 HDB units, 50,841 non-landed private residential units built between 2008 and 2012

A total of 50,841 non-landed private residential units were completed between 2008 and 2012. Over the same period, 47,273 dwelling units were completed by HDB, comprising 40,128 flats for sale and 7,145 flats for rental. The Urban Redevelopment Authority (URA) granted planning approval for the development of non-landed private residential units on 385 hectares (53 per cent) of land and public housing...

Home supply to surge the next few years

There could be a decline in home prices and rents after the release of a large supply of new homes in the market in 2013 and 2014, warn analysts. According to recent Urban Redevelopment Authority (URA) data, about 17,111 new homes are expected to be completed in 2013 and 17,421 in 2014, including homes under construction or already with planning approvals. “These figures are considerably more than the...

In search of accurate supply data

We need to keep an eye on the potentially strong supply of private homes that will come onstream till 2015. In particular, we need to be wary about the supply this and next year, because the global economic recovery remains elusive. Based on the Urban Redevelopment Authority's (URA) release on Jan 28 of Q4 2010 data for private residential properties, the estimated number of residential units that will...

40,000 private homes to come onboard in next 3-4 years

40,000 new private homes will enter the property market in the next three to four years, according to the National Development Minister, Mah Bow Tan. He said on Thursday that more property information, such as transaction prices, would be published to keep the market efficient and ensure that home prices are based on fundamentals. Mr Mah said: "What we will do is put out complete information on how much...

It’s just an illusion

Analysts don't expect supply glut as developers likely to defer construction of housing projects WHEN long queues outside showflats disappeared overnight during the 1997 Asian financial crisis, the poor demand combined with a supply glut to exacerbate the slump in Singapore's property market. A decade on, the supply side of the equation may be less dire, say pundits. In an analysis of the "supply...

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