9,300 new homes to result from slew of en bloc sales, warns URA

Singapore

THE Urban Redevelopment Authority (URA) has flagged the addition of a significant number of housing units to the existing supply pipeline from the redevelopment of en bloc sale sites - but analysts are not alarmed.

Among the reasons these market watchers cite is that they expect an inflow of overseas talents into Singapore to mop up the supply, and that not all these units will hit the market at the same time.

Singapore's planning authority said on Friday that, with en bloc sales having been active in the past year or two, about 9,300 new private housing units could be generate…