Pandemic fallout blunts textbook policy of raising land supply to curb rising home prices
It is wise to calibrate increasing Government Land Sales sites for private homes. The reason? Covid-19 and construction costs
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Singapore
PRIVATE home prices in Singapore rose for the sixth consecutive quarter in the third quarter of 2021, up 1.1 per cent. Developers sold 3,550 new homes excluding executive condominium units in the latest quarter.
Pasir Ris 8 sold around 85 per cent of its 487 units at its launch weekend in July, where there were multiple rounds of price hikes.
Unsold inventory of uncompleted private homes, with planning approvals, has been declining since the first quarter of 2019.
Unsold inventor…
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Property
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