Chart of the Day: Take a look at the higher supply of residential property coming on stream
As property prices and rentals continue to moderate.
Weaker demand arising from slower inflows of foreign workers and a significant supply of newly completed housing units and industrial space coming into the market are pulling down residential property prices and rentals.
A Maybank report reveals that HDB offered a total of 13,090 flats (Build to Order) to potential buyers in 1H14 and set to offer another 12,700 flats in 2H14, bringing the total number of flats offered in 2014 to 22,400 altogether.