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To conclude so far, the housing supply cliff has already arisen. In addition, a continual slowdown across all stages of private
housing development, including lower spade-ready land supply and a reduced level of superstructure commencements,
suggests that the future housing completion is expected to remain low. It is also shown in previous sections that less spade-
ready land will be available from the Government and sites rezoned by private developers will take much longer to be developed.
In view of the alarming outlook, we call for expediting all existing land and housing development initiatives. These include, but are
not limited to, efforts on rezoning, NDA development (partially through land resumption), the Land Sharing Pilot Scheme (LSPS),
urban redevelopment, topside development of railway, and large-scale land reclamation.

At the same time, it is also essential for the Government to review and evaluate existing administrative procedures
on land and housing development. Inefficient and cumbersome procedures identified should be revamped as
they cripple the potential of private development and redevelopment.

The aforementioned academic paper also hints at the possibility that excessive regulatory process may bring higher cost to the
society as a whole.

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