Job fears, cooling moves will continue to hurt home sales: FCL CEO

Singapore

FRASERS Centrepoint Ltd (FCL) chief executive Lim Ee Seng deems it a "no-brainer" that residential demand will continue to dwindle as buyers become increasingly jittery about job security and property cooling measures remain intact.

His comments followed the dismal showing of the 628-unit Parc Life EC project in Sembawang, which FCL is jointly developing with Keong Hong Holdings. Since its launch during the last weekend of April, some 60 units were sold as of May 8 despite more than 700 e-applications received.