Provide more info on property supply

Provide more info on property supply

Last Wednesday's article ("Home prices continue slide as loan curbs bite") was interesting as it stated the number of private homes and executive condominium units coming onto the market this year and next.

Often, there is little such information in the various news articles and reports.

Even if cooling measures such as the additional buyer's stamp duty or total debt servicing ratio are removed, are there enough buyers to clear the stock?

It is timely for more detailed reports and analyses on the supply side situation to be provided. This, coupled with information on the unsold units at previously launched developments, would provide a clearer and truer picture of the state of the real estate market in Singapore.

Harry Tong

This article was published on April 8 in The Straits Times.

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