In the latest news on HDB launch, HDB has continued its pledge to deliver 100,000 flats for launch in 2021 to 2025. This means from early 2025, 100,000 flats will flood the Singapore market until 2029. 146,000 new housing units in 5 years time As what I have written in my previous housing post, without a dramatic increase in population, housing prices will tank with the addition of 146,000 confirmed new housing units. This is because the growth in foreigner population has been relatively slow; in turning leading to a large rental supply  in the market with rental demand from foreigners not catching up.This will force rental prices down. I will not be surprised to see rental rates falling, unless Singapore decides to increase the foreigner population tap to save property investors. Current OCR condo yields are at the low 4-4.2% and a reduction in rental rates will force yields to be far below the interest rates of property loans that are currently pegged to SORA....