Oversupply of private homes looms in the next 3 years

Annual supply of more than 13,000 units to outpace usual demand of 10,000, says UOB Kay Hian.

According to UOB Kay Hian, the huge supply of private residential homes is likely to outpace demand in the next three years with a supply of more than 13,000 units p.a compared with an average annual demand of 10,000 units.

However, the spillover demand as a result of the backlog of public housing shortage over the last decade will partially soak up the huge oncoming private residential supply, it added.

"While we expect prices to fall 8-10% over the next year as the market adjusts to the huge oncoming supply, prices are likely to remain stable over the medium to long term, supported by an extremely low interest rate environment, stable employment levels and growth in wages. We expect physical market prices to move in tandem with the GDP (3-5% pa growth) after the initial near term fall," said UOB Kay Hian.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia