Published:
Over 40,000 new homes to be available next year
22,352 will be public housing units.
According to Nomura, moreover, besides the projected completion of 17,758 non-landed private homes in 2013F, we also expect the completion of 22,352 public housing units [recall 32,000 Build-to-Order flats and 3,350 Design, Build and Sell Scheme (DBSS) flats were launched for sale between 2010 and 1H11] and 2,199 Executive Condo units next year.
"The combined housing supply could therefore work out to 42,309 units in 2013F, compared to the estimated 21,859 units in 2012F (11,684 non-landed private homes plus 10,175 public housing units) and the average annual housing demand of just under 20,000 units since 2001," said Nomura.
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