Property: New cabinet enters into action, which could signal a start of the beg. For more policy risks ahead, with HDB announcing a huge new supply of flats. HDB said that it would roll out 4,000 new flats in 6 projects, the largest supply ever released in a single launch, which will increase supply from 22,000 to 25,000 units…..
HDB will also start to build flats in anticipation of demand, a significant shift away from its BTO system. Analysts however cautions of Overbuilding, but note that ramped-up supply will meet demand from first-time buyers who are asking for more BTO flats. We note that maintains focus on office and retail ppty segment.
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