Half of developers likely to cut prices of Singapore new launches
54% in survey see 2-5% new sale price fall in 2020, 46% expect 5-8% slide in resale prices in 2020
Singapore
THE sentiment of local property developers has dived, with half of them likely to lower the selling prices of their new launches in the next six months.
This is according to the latest Real Estate Sentiment Index (Resi), published by the National University of Singapore Real Estate (NUS+RE). The index hit a record low in the first quarter of 2020 amid the Covid-19 pandemic.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle