28 Oct '13, 7am

#GlobalREBubble #GlobalConstructionBubble 'More Than 200,000 New Homes By 2016' via @SGPropertyGuru

With more private homes and executive condominiums (ECs) expected to be built over the next three years, the total number of units due by 2016 has increased to 204,461 from the previous forecast of 197,559, revealed National Development Minister Khaw Boon Wan. “We are making good progress in our ramp-up of the home-building programme,” said Mr Khaw in a Facebook post. But the number of HDB flats expected to be ready by 2016 remains the same. So far, 9,519 private homes have been completed, 6,305 units are scheduled to come on-stream before January 2014, and another 4,884 units are expected to be finished over the next three years. On the other hand, 1,253 ECs have been constructed, an additional 406 units will be ready by 31 December and another 1,355 units are due in the next three years. However, the majority of units will likely be delivered in 2016 due to possible dela...

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

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