Market to be mildly negative on HDB launch, says analyst

The announcement is in line with HDB's latest policy of large launches to reduce odds of disappointment for applicants.

OCBC Investment Research noted:

Yesterday, HDB announced a bumper crop of more than 8,200 flats under a joint build-to-order (BTO) and Sale of Balance Flats (SBF) launch. We believe that the market would be mildly negative on this development. This is the largest single supply of HDB flats in a single launch - in line with HDB's latest policy of large launches to reduce odds of disappointment for applicants. Including an anticipated launch of another 4,200 flats in Nov 11, the total 2011 supply cumulates to 28K, 12% more than the 25K target cited in May 11. In addition, we expect at least another 25K of BTO supply in 2012. We believe this provides increased headwinds for the private residential sector, especially for mass-market projects as buyers at the margin shift to BTO flats from private alternatives.
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

'Christian Horner: Unfiltered' Comes to Singapore During F1 Week
The former Oracle Red Bull Racing Team Principal headlines a one-night-only live conversation on leadership, team culture and life at the pinnacle of Formula 1