parc canberra showflat

However, beginning with the second quarter of 2014 the threat of the possibility of an oversupply is a cause for concern, as 17,459 units left vacant in the 3rd Quarter of 2013 and another 26,000 units expected to be completed in 2014 will crowd the property market. A part of these units are expected to be occupied by Housing and Development Board flat upgraders.

Another concern is the large number of shoebox units scheduled to be released on the rental market. SREX (Singapore Real Estate Exchange) estimates report a number of 6,550 private apartments and parc canberra showflat condominiums resold in 2013, compared to the 12,278 resold in 2012. As a result of the capping of housing loan applicants' total monthly debt repayments to 60 % of their total income, November and December 2013 registered less than 400 resale units transacted each month.

However, most property investors are aware of the situation in the 2014 residential property market, with the majority of them believing they are able to stand the upcoming oversupply, as long as they are able to pay off their monthly installments and mortgage interest rates remain low.