Singapore has almost 32,000 either finished or under construction flats in the pipeline. Photo: Handout

Singapore property: government policies to blame for oversupply of flats, developer says

  • Sherman Kwek, CEO of City Developments, says penalties on companies that fail to build and sell within five years from acquiring land should be relaxed to ease oversupply
  • Singapore has almost 32,000 flats either finished or under construction and the central bank last month warned prices could be threatened
Topic |   Asia housing and property

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Singapore has almost 32,000 either finished or under construction flats in the pipeline. Photo: Handout
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