03/03/2021
To sum the charts above:
Homes that have been built but are unsold – There’s a fairly big stock of unsold new homes. About 30,000 as at Q2 2020.
Homes that are still in construction – There are also a large number of new houses launching over the next 3 years. New launches are probably going to be delayed due to the foreign worker situation, so there’s some respite there.
Private Resale – This can be split into 2 groups: (1) owners who voluntarily sell their house for personal reasons, and (2) owners who are forced to sell due to cash flow issues / foreclosure by bank.
Happy National Day everyone! It’s National day, so I figured what better way to celebrate than to talk about something all Singaporeans love: Property. COVID19 has been a gamechanger for the entire world. Entire industries, investments and asset classes have been turned upside down. Will the same ...