Singapore Eases Property Curbs After Housing Prices Decline

[BlueKelah]

http://www.channelnewsasia.com/news/sing...to-9498232

HDB has announced the launching of 17,000 flats for sale launch in 2018. With the 1H GLS already estimated to produce 8,000 units, it means the housing supply for 2021-2022 is likely to exceed the natural population demand (approx 27,000). Unless the government intends to import more foreigners, it means we are going to see the worsening of housing supply glut in 2021/2022.

According to URA, there is already about 5,298 housing units which will be ready in 2021 and 2,000+ units in 2022 and beyond.

I have reasonable belief that our private housing vacancy rate will exceed 10% come 2020 UNLESS our population grows 1-1.5% annually now

Problem is cannot let more ah tiong and FT in too boost population as local complaining. On the other hand local not making enough babies as everything is too expensive nowadays and couples working hard for $$ also no time to make and take care of babies.

Developed nation problems we have.