Non-landed private homes to almost double by 2014

22,400 units are expected to be completed.

In a written response by the Ministry of National Development to queries by Mr Gan Thiam Poh, it was revealed that 22,400 units will be completed as compared with the expected 12,500 non-landed homes by end-2012. Click the image on the right to view the full table of completion of housing units.

For public housing, any supply of unsold flats is ad-hoc in nature, comprising balance supply from earlier Build-to-Order (BTO) exercises, surplus replacement flats from the Selective En bloc Redevelopment Scheme and repurchased flats.

They will be accumulated and offered for sale to the public via a Sale of Balance Flats exercise once there are sufficient flats. Currently, all of HDB’s unsold completed stock (1,500 units) is being offered for sale together with other unsold flats at various stages of completion (5,600 units) under the 2012 Sale of Balance Flats exercises.

For private housing, about 39,600 units from projects in the pipeline remain unsold as of 2Q2012.