Q&A: There are many new condo units coming up and vacancy rate remains high. Don’t you think that the property market recovery is not sustainable?
The above question came from a reader of SPK’s blog and it is indeed a very valid question. In URA’s earlier announcement on the 1H2018 Government Land Sales Programme, it mentioned that: There are 18,000 unsold units that have gotten planning approval; 20,000 units from enbloc and GLS sites that have not gotten planning approval; and More than 30,000 units that remain vacant Shocking numbers, isn’t it? But let’s not […]