Singapore's north-east 'at risk of housing oversupply'

• QX179R

  28 Jun 12, 14:45

  SINGAPORE - A housing oversupply looms over the north-east district, with market watchers expecting about 16,000 private residential units (including executive condominiums) to come on-stream in Punggol, Sengkang and Pasir Ris over the next five to six years.
  
  Later this year, developers are expected to bid for four sites in the north-east that are expected to yield some 2,000 executive condominium units.
  
  This will add to the 3,295 units from sites released in the area by the government in the first half of the year.
  
  "The north-east is now most at risk of an oversupply. When taken together with HDB flats, the total number of units plus, potentially, a lack of demand from expats … and, in future, relatively weaker rental value … In the next three to five years, these risks will start to show," said Mr Ku Swee Yong, CEO of International Property Advisor.
  
  Despite this, experts predict that a well-located site will see eight to 10 bids.
  
  "Pricing will be competitive in Punggol and Pasir Ris," said Mr Alan Cheong, research head of Savills Singapore. "There will be a bit of competition among developers but prices will remain competitively stable."

  -- TODAY

• dangerboi

  28 Jun 12, 18:26

  How will the prices (of houses) be affected if the supply is more than the demand?

• TIB1218R

  28 Jun 12, 18:37

  Pasir Ris is considered North-east ?

• the Bear

  28 Jun 12, 18:42

  Originally posted by TIB1218R:

  Pasir Ris is considered North-east ?

  if my place which surrounded by Jurong, Bukit Batok, Clementi and West Coast could be considered Bukit Timah, Paris Ris is considered whatever the hell the bloody gerrymanderers say it is

• charlize

  28 Jun 12, 19:17

  Pasir Ris could be in Jurong GRC next time.

• TIB1218R

  28 Jun 12, 19:21

  I used to live at Pasir Ris  Very great place to live..

• charlize

  28 Jun 12, 19:52

  Originally posted by TIB1218R:

  I used to live at Pasir Ris  Very great place to live..

  Then why "used to" ?

• charlize

  28 Jun 12, 19:52

  Or you trying to be sarcastic there?

• TIB1218R

  28 Jun 12, 19:55

  Last time i live at Pasir Ris la ! 

• charlize

  28 Jun 12, 21:19

  Originally posted by TIB1218R:

  Last time i live at Pasir Ris la ! 

  How I know where you live?

   

  You could be my neighbour at Bedok for all I know.

• troublemaker2005

  30 Jun 12, 10:34

  labor cheap, so build build build, not not only people alot in sg, land scrae due to over development. so wondeer sg becums more crowded

• ditzy

  30 Jun 12, 10:37

  Ahem, it should be worded as "Oversupply of Premium Housing".

• TIB1218R

  30 Jun 12, 10:41

  Originally posted by charlize:

  How I know where you live?

   

  You could be my neighbour at Bedok for all I know.

   Now i live at Yishun 

• charlize

  30 Jun 12, 14:06

  Originally posted by TIB1218R:

   Now i live at Yishun 

  Downgrade or upgrade?

• charlize

  1 Jul 12, 22:00

  No such thing as oversupply of housing in Sg.

• laurence82

  1 Jul 12, 22:03

  seriously, i dont noe if i am jurong, bt timah, west coast or pulau ubin

• charlize

  1 Jul 12, 22:50

  Originally posted by laurence82:

  seriously, i dont noe if i am jurong, bt timah, west coast or pulau ubin

  You are in Sg.

   

  You cannot go wrong with that.

• laurence82

  1 Jul 12, 22:56

  yeah, which is somewhere in china or michigan

• charlize

  2 Jul 12, 02:21

  Originally posted by laurence82:

  yeah, which is somewhere in china or michigan

   

  Life is surreal.