27 Nov '14, 9am

Vacancy may rise to 10%; govt should intervene: REDAS

“The industry is expecting unabated headwinds as the slew of cooling measures continue to bite and dampen buying sentiment. The looming supply in the next few years is likely to cause home vacancy rate to head towards 10 percent,” he said during the 55th anniversary of REDAS held last night at The Ritz-Carlton, Millenia hotel.This will add even more pressure on the residential market, he opined.

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

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