23 Nov '17, 10am

News Roundup (November 2017)

Our top Singapore property stories. Supply of private homes to soar over next 2 years The supply of private homes available for sale in Singapore is expected to surge by over two-fold in the next one to two years, National Development Minister Lawrence Wong revealed recently. According to a Business Times report, he said most of the housing pipeline will come from redevelopment projects built on sites purchased via en bloc sales, in addition to residential plots acquired by developers through the Government Land Sales programme. This means there is ample supply to meet demand, so Singaporeans are advised to “do their homework carefully” before buying a residential property. For instance, Wong noted that the overall vacancy rate for private houses here has surpassed eight percent for nearly two years at a current rate of 8.4 percent. The last time that it had remained at th...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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