Tag: Singapore property market 2015
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Oversupply, Yes. Crashing Down? No.
It is estimated that on a yearly basis, the average population growth in Singapore is 75,000 individuals per annum from 2014 to 2020. Assuming a conservative 3 to one home, it meant that 25,000 new homes are needed every year. Now comes the tough part. Total estimated new supply for 2015 is 50,300, 71,500 in…