Singapore Has 24,000 Empty Apartments (And 44,000 More on the Way )
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In tiny Singapore, where you can drive the length of the island in under two hours, there are 24,000 vacant apartments.
If that sounds like a lot of lost rent, consider that on top of that, there are another 44,000 units in the pipeline, including 39,000 unsold apartments from government land sales and en-bloc sites, and 5,000 units from sites that are pending planning approval.