Private homes for sale likely to double in 1 to 2 years
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The number of private residential units available for sale is expected to at least double in the next one to two years, National Development Minister Lawrence Wong said at a dinner gathering of developers yesterday.
A large portion of the supply will come from the redevelopment of projects sold en bloc, on top of that coming from the ongoing Government Land Sales (GLS) programme. With more than enough supply to meet housing demand, Mr Wong urged buyers to do their homework before making a purchase.
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Source : Private homes for sale likely to double in 1 to 2 years