RESIDENTIAL

Contrary to most analysts’ view, JLL expects no excess in housing supply in 2014 and 2015

JLL is confident that there will be no excess in housing supply in 2014 and 2015 due to stable demand. Although the average of approximately 50,000 HDB flats and private houses that will be completed in 2014 and 2015 equals 2.5 times the average annual stock completed since 2001, JLL does not see this as an issue as housing prices remained stable in 1998 when there was high supply. Furthermore, a higher demand is expected as population growth has exceeded the growth physical housing stock over the past few years. Also, JLL predicted that property prices will increase by an average of 7.5% annually from 2011 to 2015.

Ceylon Flats is put up for collective sale at $25.75 million to $27.39 million

At 22-28C Ceylon Road, three-storey 21-unit walk-up ...