06 Dec '11, 12am

Number of private homes launched in 2011 may hit a 10-year high, experts say

Number of private homes launched in 2011 may hit a 10-year high, experts say

An artist's impression of Parc Vera in Hougang, which was among several major launches in October and last month. Developers are said to be riding the current home-buying momentum and trying to get a head start on government land sales sites expected to debut next month. -- PHOTO: SIM LIAN GROUP By Cheryl Lim The number of new private homes hitting the market this year will likely be the highest in a decade thanks to a surge of launches recently, say analysts. Experts say about 18,300 new homes could be released this year, surpassing the 16,500 or so last year - the highest so far in a decade - and easily trumping the annual average of 9,900 between 2001 and 2010. The numbers have been rocketing this quarter as developers rush out homes in what is usually a quiet period. There were several major launches in October and last month, including Sim Lian's Parc Vera condo in Ho...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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