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Govt land sales, collective sale sites make up large portion of new units in these areas
A NEW study on the upcoming supply of private residential units from development sites sold suggests that oversupply risks, if any, may be contained within certain districts.
Islandwide, only Districts 3, 5, 13, 18 and 19 appear to have a relatively high number of upcoming residential units in relation to the current completed units there - in the proportions of 12 to 34 per cent.
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.
SINGAPORE: With home prices in the city centre softening, analysts say many developers are likely to hold back on launching new projects for the rest of the year.
Real estate consultancy CBRE estimates that there are some 2,000 units of private homes yet to be launched for sale in the core central region — the highest compared to the city fringe and the suburban areas.
SINGAPORE: Singapore's total population grew by 1.6 per cent to reach 5.4 million as of June this year.
That is the slowest growth rate in the past nine years, according to the latest report from the National Population and Talent Division.
This is despite a third round of enhancements to the Marriage and Parenthood (M&P) package at the start of the year aimed at encouraging Singaporeans to get married and have babies.
As the population ages and shrinks, there has only been a marginal increase in the number of Singaporeans getting married and having babies.
While Singapore's trade dependent economy has had a tough 2012, even teetering on the brink of a recession earlier this year, the city state's residential property market has remained robust, with prices among the highest in the world.
Private home prices in this Southeast Asian financial hub have risen a whopping 56 percent since the global financial crisis, and most analysts expect this upward trajectory to continue into the new year, even as the market faces a drop in sales volumes amid a somber growth outlook.
Singapore's private housing market has seen months of double-digit declines in sales, including a 44 percent month-on-month fall in November, in part due to a number of cooling measures introduced by the government – yet prices have remained firm.
