Housing supply for 2nd half of 2024 to see big increase as market stabilizes

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Bloomberg added that higher interest rates and lower foreign demand are the reason for the cooling property market

SINGAPORE: The Ministry of National Development said in a statement on Tuesday that the Government Land Sales Programme for the second half of 2024 will yield around about 8,140 private residential units, 113,650 sqm gross floor area of commercial space, and 530 hotel rooms.

In addition, the Government will make available a selection of sites on the Reserve List that can yield an additional 3,090 units for developers to initiate for development if they assess that there is demand,” the MND said. Case in point: For the first time in two decades, no bids were placed for a plot of land at Upper Thomson last Wednesday . The site had been designated for 640 residential units, including 100 long-stay serviced apartments.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 9. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

SBR National Business Awards 2024 Winner: Singapore Aero Engine Services Pte LtdHear from Naeem Mansor, Portfolio Manager of Singapore Aero Engine Services, as he delves into their innovative Smart Inspection System.
Sumber: SBRMagazine - 🏆 13. / 51 Baca lebih lajut »