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
