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| Private Residential Properties - New supply of residential units in the pipeline
As of Q3 2013, there was a total supply of 84,917 uncompleted private residential units in the supply pipeline. This is slightly lower than the 87,789 units in Q2 2013. 31,004 units remained unsold. An additional supply of 12,436 new uncompleted executive condo units is expected in the supply pipeline, bringing the total number of uncompleted private residential and executive condo units in the supply pipeline to 97,353 (84,917+12,436). 10,025 new units are expected to be added to the supply pipeline from Government Land Sales. These units are expected to be completed in ~2017. About 6,711 private residential and executive condo units are expected to be completed by the end of 2013. 21,263 private residential and executive condo units are expected to be completed in 2014. See more at: http://www.mortgagesupermart.com.sg/blog/tags/tag/38-ura |