Developers would like to see further concessions, including getting more time to sell projects. Photo: AFP

Singapore’s property glut could take years to clear, affecting home prices and developers

  • The city state had an overhang of 31,948 units as of September 30 and an analyst said it could take almost four years to clear the backlog
  • Developers want the 20 per cent stamp duty for foreign buyers to be lowered and for more time to sell flats before having to pay penalties
Topic |   Asia housing and property

TOP PICKS

Developers would like to see further concessions, including getting more time to sell projects. Photo: AFP
READ FULL ARTICLE