OPINION: Is the demand for residential property in Singapore sustainable? – the “6 Million” question

Yahoo! News Singapore, 16 Dec 2012
When you put all the figures together, this means that Singapore is still short of about 530,000 dwelling units to support the population target of 6 million. Looking at the figures, it would not be too wrong to conclude that mid- to long-term demand for residential properties exists, provided that the population target of 6 million remains unchanged.
While we have established that there is mid- to long-term demand, does it mean that it makes sense for buyers to pay high prices for properties? Full story