14,200 private homes may hit Singapore market later this year

Six of these sites are in the core central region, which are areas such as Orchard Road, 13 are in the rest of central region, and 10 are in the outside central region.
Six of these sites are in the core central region, which are areas such as Orchard Road, 13 are in the rest of central region, and 10 are in the outside central region.PHOTO: ST FILE
Sloane Court Hotel and a small adjoining plot were acquired last year for redevelopment into a condominium - one of 29 developments that could be launched later this year, according to a report issued by List Sotheby's International Realty Singapore.
Sloane Court Hotel and a small adjoining plot were acquired last year for redevelopment into a condominium - one of 29 developments that could be launched later this year, according to a report issued by List Sotheby's International Realty Singapore.ST PHOTO: SEAH KWANG PENG

Sotheby's says they won't swamp market if developers time launches strategically

Up to 29 developments could be launched from this quarter to the end of this year, putting as many as 14,200 private homes on the market, says a report issued by property agency List Sotheby's International Realty Singapore.

The firm, however, says the market should be able to digest the volume, but this critically depends on whether developers are able to time their launches strategically.

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A version of this article appeared in the print edition of The Straits Times on April 30, 2018, with the headline '14,200 private homes may hit market later this year'. Print Edition | Subscribe