Chart of the Day: Completed homes to hit 30,408 units by end-2013

It's over 1.5 times the average increase.

According to MAS Macroeconomic Review, investment demand will be anchored by ongoing capacity expansions in housing and public transportation, as Singapore augments its physical infrastructure to cater to the needs of a larger population base.

Major projects in the pipeline include Changi Airport Terminal 4, new port facilities in Tuas and several recently-announced additions to the MRT network.

Here's more from the report:

Residential investment is likewise expected to remain firm. Based on current projections, a total of 30,408 residential units are slated to be completed by end-2013, more than 1.5 times the average annual increase over 2000–11.

Meanwhile, EDB reported record investment commitments of some $16 billion last year. The ongoing drive to raise productivity should also translate into higher capital expenditure by firms, thereby providing a further boost to investment demand.

Moreover, the trend of rising services consumption will support growth in domestic investment in the coming years, as new facilities, such as hospitals and schools, will need to be built.

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