{"id":43127,"date":"2017-02-07T12:08:32","date_gmt":"2017-02-07T05:08:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-wont-ease-supply-of-private-housing\/"},"modified":"2017-02-07T12:14:15","modified_gmt":"2017-02-07T05:14:15","slug":"govt-wont-ease-supply-of-private-housing","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-wont-ease-supply-of-private-housing\/","title":{"rendered":"Govt won\u2019t ease supply of private housing"},"content":{"rendered":"


\nAccording to the MND, demand for private housing remains robust, while the number of unsold units is at a historical low.
\nThe Ministry of National Development (MND) on Monday (6 February) said it does not plan to slow down or halt the supply of private housing via the Government Land Sales (GLS) programme.
\nThis is because demand for private housing remains robust, while current inventory for unsold units is at a historical low.
\nIn a written reply to Ang Mo Kio GRC MP Intan Azura Mokhtar\u2019s query on whether the ministry will consider slowing down or halting the sale of land parcels for residential development in view of the sluggish property market, the MND revealed that developers sold around 12,000 units in 2016, up 20 percent from the 10,000 units sold in the year before.
\nMeanwhile, the number of unsold private homes, including executive condominiums, launched by developers stood at 9,700 units as at end-2016. These include completed and uncompleted units.
\n\u201cIf we include those that have received planning approvals, but have not yet been launched for sale, the figure is about 25,000 dwelling units,\u201d it said.
\n\u201cThis is a historical low since the Urban Redevelopment Authority (URA) started compiling such data in 2001.\u201d
\nIt noted, however, that the URA does not compile data on the number of housing units put up for sale by homeowners.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Govt won\u2019t ease supply of private housing<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the MND, demand for private housing remains robust, while the number of unsold...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43127","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bdB","jetpack-related-posts":[{"id":112892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-releases-gls-residential-sites-for-1h-2020\/","url_meta":{"origin":43127,"position":0},"title":"Government releases GLS residential sites for 1H 2020","date":"December 5, 2019","format":false,"excerpt":"\r The Ministry of National Development (MND) announced on 3 December it will release three confirmed\u00a0sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme. The 1H 2020 sites will yield a combined 1,775 units. While the number of sites and units released\u00a0is lower\u00a0than the\u00a0five confirmed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-sales-soars-by-over-4-fold-says-mnd\/","url_meta":{"origin":43127,"position":1},"title":"En bloc sales soars by over 4-fold, says MND","date":"November 7, 2017","format":false,"excerpt":"\r An aerial view of Rio Casa, a 286-unit development at Hougang Avenue 7. (Photo: Knight Frank Singapore) Collective sales have surged from around 600 units for the whole of 2016 to about 2,700 existing private homes so far this year, revealed the Ministry of National Development (MND) during a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/incomes-have-kept-pace-with-prices-of-new-hdb-units-resale-flats\/","url_meta":{"origin":43127,"position":2},"title":"Incomes have kept pace with prices of new HDB units, resale flats","date":"November 3, 2021","format":false,"excerpt":"\r HDB subsidies for new and resale flats keep public housing affordable; among resale flat buyers who have taken\u00a0up an HDB loan, the mortgage servicing ratio\u00a0has remained stable at 23%. New Housing and Development Board (HDB) units and resale flats continue to remain affordable as incomes of Singaporeans have generally\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Colour-Scheme-HDB-e1479092279776.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pphs-income-ceiling-allows-govt-to-prioritise-families-in-greater-need-of-temporary-housing\/","url_meta":{"origin":43127,"position":3},"title":"PPHS income ceiling allows gov\u2019t to prioritise families in greater need of temporary housing","date":"October 6, 2021","format":false,"excerpt":"\r PPHS income ceiling allows gov\u2019t to prioritise families in greater need of temporary housingDelays in the construction of BTO flats, increased competition for open market rental, and the growing number of those who work from home have led to more demand for PPHS flats. The income ceiling of $7,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HDB-EIP.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111441,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mnd-responds-to-queries-on-hdb-rental-flats-applications\/","url_meta":{"origin":43127,"position":4},"title":"MND responds to queries on HDB rental flats applications","date":"October 8, 2019","format":false,"excerpt":"\r The MND stressed that with HDB soon embarking on redevelopment plans for many of the older blocks.\u00a0 Png Eng Huat recently directed queries to the Minister for National Development regarding: the number of public rental flats that are unoccupied as of August 2019; the current number of accepted rental\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-need-to-make-flat-sizes-smaller-mnd\/","url_meta":{"origin":43127,"position":5},"title":"No need to make flat sizes smaller, MND","date":"October 8, 2019","format":false,"excerpt":"\r The Ministry of National Development said existing two-room Flexi Build-to-Order flats within non-mature estates are already affordable housing options for singles.\u00a0 There is no need to make flat sizes smaller as the existing two-room Flexi units offered by the government already provide affordable housing options for singles, said the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43127"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43127"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43127\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}