About 49,700 new homes expected to enter the market by FY2015,

我的理解是2015年49700将要开卖(enter the market)？

following FY2014’s 50,000 new completions,

2014是50000建成 （注意50000 new completion很明显是指建好了的，包括前几年卖出去的）。

said OCBC and reported in the media.

就是说2015年那个数据是ocbc说的，2014年那个数据是media说的？被某个文科小编呼啦一下拉到一起来让你感到好可怕？


The figure is expected to increase to 73,600 by FY2016, with the estimates including DBSS, HDB and Executive Condominium (EC) completions.

This figure是指新建成。就是说2016年新建成73600，这里面可能包括2015年50000个enter the market的（假设建的很快一年就建好）？并且新建成的73600很多都卖出去了吧。hdb什么的至少70%都已经卖出去了。当然有部分换房子的，但是不管怎样数据没那么可怕。

“Assuming a six million population target by 2020 from the latest population white paper, we forecast average population growth at approximately 86,000 individuals per annum from 2014 to 2020,” said OCBC.

这个没设么吐槽的。

“Assuming a conservative three persons per household, this translates to an incremental demand of approximately 29,000 physical homes per year, which points to a fairly clear physical oversupply situation ahead.”

ok。没什么吐槽的。

But OCBC cautioned the level of unsold pipeline held by developers currently stands at 36,000 units. This is significantly lower compared to the historical 10-year average of 41,000 units.

ocbc说unsold的pipeline偏低了。

“While developers are likely to ease prices ahead to move inventory, we do not foresee a fire-sale situation – similarly because of the strong balance sheets for large developers,” said OCBC.

ocbc说开发商可能会加快速度卖。但不会剧烈降价。


所以本文章的中心思想很简单：

ocbc说：明年47000房子将要开卖。现在unsold的有36000，每年因为人口增加需要29000。所以呢，我们预计开发商会加快速度卖，但不会fire sale。

然后文科小编在ocbc说的话中间，加了2句。2014年50000 new completion。2016年70000 new completion。然后ocbc的意思就变了，或者至少让人糊涂不知道他在说什么了。

果然是文科小编。