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Property upturn based on true supply and demand: ERA

Its key exec officer says how long positive buying sentiment lasts depends on how fast prices rise

Published Thu, Feb 8, 2018 · 09:50 PM

Singapore

THE difference between the current property market upturn and the bull years of 2005 to 2007 is that the buying momentum is persisting in spite of the cooling measures designed to keep away speculation still in place.

This means that the market is "buying really on true sentiment, true supply and demand", ERA Realty's key executive officer Eugene Lim said at the 2018 ERA Asia-Pacific Business Conference.

The property agency, which has more than 6,200 salespersons and closed more than 4,300 private new home sales last year, said it has a runway of more than 20 project launches that it …