05 Nov '12, 9am

Singapore to build more private housing

MORE than 100,000 units of new private properties are in the pipeline, says the Urban Redevelopment Authority (URA). The upcoming private home supply comprises 83,975 private residential units, 9,824 executive condominiums and 10,070 units from land sites that the Government has sold, or that are slated for sale. This is the highest-ever total recorded since data was collected in 2001. The URA said many of the units will be completed in the next three or four years. More than 35,000 units will be ready next year and in 2014, with the rest completed after that. In addition, the Housing and Development Board (HDB) has announced it will roll out another 6,400 Build-To-Order flats next month in Bedok, Choa Chu Kang, Queenstown, Sengkang and Toa Payoh, bringing its crop of new flats this year to the promised 27,000 – also a record high. But prices of private homes and HDB resal...

Full article: http://forexblog.oanda.com/20121105/singapore-to-build-mo...

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