Blog Post  Property happenings: update on government policy on supply of private residential property

In one of the more significant news surrounding the local property scene in 2019, government has announced a reduction of the supply of private housing in second half of 2019. This is at the back a record (as much as 60) new launches in 2019 as a result of a slew of en bloc in 2018. As much as not wanting to see a runaway real estate price which is achieved via the government cooling measure implemented in July 2018, the government also do not want to risk to see the market tank as a result of over supply situation coupled with the cooling measure.

Please refer to the following website for more details on the release of government land sale in second half of 2019:

As mentioned in my update on the real estate market at the beginning of the ...

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