The actual supply surplus situation is inferior to the imagination serious
(2008-06-04)
morning paper guidance
* Wu Huimin (Wu Huimin report),
although the official digit demonstrated that in 45 years possibly will have next 60,000-70,000 private residence units to finish, but will be interviewed the real estate public figure believed that the actual supply surplus situation and will be inferior to the imagination serious.
This is because some units in this period is demolished, some projects also because the architecture industry will tie tight delayed finish. In addition, two synthesis vacation resort and Singapore's land settlement policy will also attract more foreigners to migrate to Singapore lives, stimulates the housing demand rise.
First peaceful Davies's Qiu Ruirong said: “some reports, enlarged real estate market's supply digit excessively recently. In fact, the existing latent supply is sufficiently by the market digestion, but because the market sentiment already transferred weakly, the government must promote the new land for building discretely, in order to avoid really causes the surplus situation to appear.”
Recently, several bank publication's real estate reported estimated that the Singapore real estate market (will be specially mansion price) will fall in the next three years reaches as high as 30% to 40%. And a reason is the local real estate market's latent supply is quite astonishing, reaches as high as 60,000-70,000 units.
Under compares, the local real estate market “digestion ability” actually suddenly drops, the first season only has sold this year 762 new private residence units, since this has been past one of 12 year lowest quarters.
High strength international Zheng Huiyun said: “up to 2008 the first season, the private residence latent supply is 67,736, this are as if many. But if deducts about 8500 possibilities demolishes because of the collective sell transaction the unit, as well as some retard the unit which, the unit which because of the construction contraction situation finishes is weak because of the market sentiment retards promotes, the actual latent supply will obviously reduce actually, possibly will have about 45,000 units.”
She believed that such supply ought to be able easily in the next 45 years the quilt “the digestion”. Although past several years, local private residence “digestion ability” every year only then about 7000 units, but she believed that in the future several year demand because of two IR, projects and so on shore bay business city will enhance. “looking from these data, the local private residence city supply should not be surplus, but will be able to obtain balanced in the intermediate stage. However, to guarantee that can achieve the national long-term housing demand, the government should continue to guarantee has stably supplies, specially personal sends at present the delay sells by exhibition the market.