Friday, September 16, 2011

More on the August 2011 private home sales figures

It looks like the August figures have given some cheers and renewed optimisim to the private home market.

But the wife and I wonder if the current developers' strategies of "launch-as-fast-as-they-can", coupled with the increasing number of state land parcels that the Government is putting out for sale, will add to the woes of oversupply of private homes expected in 2013.

Then again, we can always count on overseas monies seeking safe-haven and failing which, our immigrant population to take up the slack... right?!

Reference: "Sales of up to 16,000 private homes by year-end forecast" - The Business Times, 16 Sep 2011



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