23 Feb '15, 3am

Housing market has achieved better balance: Khaw

Comment E-mail to friend Bookmark & Share After four years of ramping up new home construction, Singapore’s residential market has now achieved a better balance between sellers and buyers, revealed National Development Minister Khaw Boon Wan last Friday. In a blog post, Mr Khaw noted that as the supply and demand of homes rebalances, property prices are adjusting. “2014 was the first full year which saw home prices in decline. This was a great relief for home buyers. As the decline was moderate, it was also a relief for home sellers and homeowners. A collapse of (the) housing market benefits no one,” he wrote. Even with the tapering of HDB’s Build-To-Order (BTO) supply, Mr Khaw highlighted that the pipeline supply of new homes for 2014 to 2017 stands at 195,788 units, offering buyers plenty of choices. Previously, a total of 200,034 units was projected for 2014 to 2017. Me...

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

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