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Chart of the Day: Number of available homes could fall to 4,900 next year
Enbloc deals could lead to the demolition of 3,000 units.
This chart from Maybank Kim Eng shows the number of available private homes could fall to 4,900 next year.
About 7,900 private homes will be completed in 2018.
If 3,000 get torn down for redevelopment, net supply would just be 4,900 units next year.
This is significantly lower than the average annual absorption of 13,200 units in the past five years.
Fewer completions and an impending demolition of properties sold for redevelopment suggest they could fall harder in 2018.
Vacancy rates of private homes still hovered at 8.4% in Q3.
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