The supply of residential units in Singapore seems a lot, for a country our size. Yet, prices are still high and people are snapping up residential units. Why? What is so special about residential units in our tiny little island?
In contrast, London needs new homes. Only 15,000 units were completed last year (2013) while the Greater London Authority suggests demand will be closer to 42,000 per annum over the next decde. Demand way exceeds supply - nobody disputes this.
Now, international property developers are moving into London. JLL recently issued a research report which is very interesting.
Blog post is here -
http://londonproperty123.blogspot.sg...ving-into.html
Think about the underlying demand and supply issues. Where is the local property market headed?
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