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Please provide the trend of the total number of new launched properties for the past 20 years.

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To illustrate the trend of the total number of new launched properties in Singapore over the past 20 years, you would typically observe the following patterns:

Early 2000s to Mid-2000s

  • The number of new launches was relatively stable, with a moderate number of projects coming to market each year. This period saw a steady demand for housing driven by a growing population and economic stability.

Late 2000s to 2010

  • There was an increase in the number of new launches, partly due to the government's land sales program and the recovery from the global financial crisis. Developers were more active in acquiring land and launching new projects.

2011 to 2013

  • The market saw a surge in new launches, driven by strong demand and favorable market conditions. This was also a period when the government introduced various cooling measures to manage the rapid price increases.

2014 to 2017

  • The number of new launches began to slow down as the market adjusted to the cooling measures introduced by the government. These measures included higher Additional Buyer's Stamp Duty (ABSD) rates and tighter loan-to-value ratios.

2018 to 2020

  • There was a gradual recovery in the number of new launches, as developers adapted to the new market conditions and demand started to pick up again. However, the COVID-19 pandemic introduced some volatility, with some delays in project launches.

2021 to Present

  • The market has seen a significant increase in new launches, driven by pent-up demand and the easing of some cooling measures. The government land sales (GLS) program has continued to provide a steady supply of land for development, leading to numerous new project launches.
Here is a simplified graphical representation:
- Early 2000s-Mid 2000s: Stable, moderate number of new launches
- Late 2000s-2010: Increasing trend
- 2011-2013: Peak in new launches
- 2014-2017: Decline due to cooling measures
- 2018-2020: Gradual recovery
- 2021-Present: Significant increase in new launches
For precise data and specific numbers, you can refer to the historical new launch data available on EdgeProp Singapore.
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