A RECORD surge in the supply of new homes is likely to trigger a drop in rents and prices by up to 15 per cent between now and 2016 amid tepid population growth, a report warned yesterday.
A total of 100,000 new private non-landed homes and 123,000 Housing Board homes are expected to be completed by 2017, said research house Religare.
This translates to a 7 to 8 per cent expansion in the yearly supply of new non-landed homes.
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About 38% of Singapores population are Foreigners
Annual Population growth size
Demand and supply of housing
Gross Domestic Product GDP
HDB Resale Property Price Index
Housing and Development Board HDB
Population Growth
Private residential property market
Private Residential Property Price Index
Private Residential Rental Index
Sustainable Population Objectiives
Transaction volumes of sales of housing units
Vacancy Rates versus Total Housing Stock
Wages