SINGAPORE: The Real Estate Developers' Association of Singapore (REDAS) has raised concerns over a potential oversupply of private homes in the near term, especially with the uncertain global outlook.
It is urging the government to review its land sales programme to ensure that new supply is introduced only when the market is confident of absorbing it.
With the possibility of demand for private homes dropping due to an economic downturn, developers are pointing to the need to rein in supply.
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1152072/1/.html
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