State of housing needs in Singapore 2012

Hi guys and gals, I have been tempted to write this for quite some time and due to circumstances and the state I'm in, I have delayed it. I'll just give a stats here and there and I'll explain the details as we go along in near future as I'm not going to spill out all the beans! ;D

Currently Singapore have a population of 5,183,700 based on info from Singstats. Average household is about 3.5 person. Out of this, Singaporean stand at 3,257,200; PR at 532,000 and the rest are considered Foreigners based on Singstats. In short, this will translate to a housing needs of 5,183,700/3.5=1,481,057.

Now, since the handover of Treelodge@Punggol launched in 2007, HDB have proudly announced the delivery of it's 1,000,000 HDB. From here onwards, I have personally make a data collection of all the launches starting from 2007 to end of 2011 and of course minus Treelodge@Punggol. In all, there's additional 58,182 new HDB coming up and plus the one announced to be launched this year which is 25,000 more units, that will give u a solid 1,083,182 units of HDB in Singapore. This will translate to housing for 3,791,137 residents in Singapore. Now, the total number of residents in Singapore (Singapore and PR) is only at 3,789,000. You do the thinking yourself!

Then we have private which consist of landed properties, condos, ECs with current and future supply (which has been approved and launched) numbered at 362,345 units. Coupled with the 12 DBSS which minus 1 left which is still in the drawing board, all these will give u a total of 1,453,650 units of housing in Singapore. Assuming that the SERS additional units won't make significant changes to this total number, Singapore is short of 27,400 units of housing or based on an average of 600 unit/development, that's about another 45 developments to go before the market saturated (provided no changes in the immigration policies).

Based on the words from this very well known Singapore property conglomerate CEO (and of course I did my home work to counter check via URA stats), in Singapore each year the market can only absorb around 15,000 units. Let's say you gonna see more launches from these developers this year, then basically you don't have much left next year in the market! 

Good news to all of you who have been anxiously and excitedly buying private properties recently as you are basically buying at the high, and of course some experience from some investor friends from Indonesia when she bought back in 1997 have kept her property here for 10 years plus before break even! And let's not forget you have inflation every year and really your real return is as good as none.