Sharp Drop in Supply of New HDB Flats Expected

The Singapore government has announced it will reduce the supply of new HDB flats next year.

Some property analysts are predicting the drop could be as sharp as 30% to 50%.

This might spell a problem for newly married couples.

Channel NewsAsia reports around 25,000 Build-To-Order flats were launched last year.

But on a yearly basis, around 27,000 marriages are registered in Singapore.

Analysts believe that this towering reduction in new flats is aimed at stabilising the housing market.

Some however, fear that the move could either keep property prices at their present level, or even cause a price surge.


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