Over 60% consists of public housing.
There seems to be a good amount supply of residential units this year, mostly consisting of public housing.
This is based on the figures released by DBS Group Research, which pointed out that there are over 40,000 units already in pipeline for this year. Around 25,000 of which are public housing units. Public housing supply remains fairly constant at close to 19,000-25,000 new units completing each year.
"Looking ahead, we are looking at a more modest rate of increase in new units completing, due to fewer units available for sale as a result of the cuts in land for tenders from the government's land sale program," the firm said.
Do you know more about this story? Contact us anonymously through this link.