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Real Estate Realities by Ku Swee Yong

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10.

Higher supplies equal rising prices?

 

27 June 2013, The Business Times (online)

The much awaited Second Half 2013 Government Land Sales (GLS) Programme released on 25 June 2013 turned out to be a non-event, save for one point.

Estimated number of residential units

Total (confirmed + reserve) (including EC)

IEC only (confirmed + reserve)

2H2013

14155

3320

1H2013

14035

3110

2H2012

14185

3120

1H2012

14140

3460

2H2011

14195

2320

1H2011

14310

2290

2H2010

13905

2360

1H2010

10550

1925

Source: URA, IPA

At first glance, the 2H2013 supply of residential units at 14,155 including 3,320 units of ECs looked similar to the supply provided in past six half-years. However, this time round:

•     “the Government will continue two ...

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