27 Nov '13, 11pm

Singapore Property News This Week #131

A private housing site in Upper Paya Lebar Road and three executive condominium (EC) sites have been rolled out for November under the second half of 2013 Government Land Sales (GLS) Programme. According to DTZ head research Lee Lay Keng, the government is trying to strike a balance between adequate supply for current demand and being mindful of upcoming supply of private homes. The market would expect a pullback of supply of private homes for the confirmed list in the next half-year. Jones Lang LaSalle national director Ong Teck Hui said the supply of private homes by the Ministry of National Development has decreased from 8,000 in H2 2010, H1 & H2 2011 to 7,000 for 2012 and H1 2013, and eventually standing at just 6,000 in H2 2013. DTZ’s Lee Lay Keng predicted that …

Full article: http://thefinance.sg/2013/11/27/singapore-property-news-t...

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