Property sales are picking up: What next?

DEVELOPERS' overall housing sales volume for July 2019 was their highest in 12 months.

New projects have also been launched this year at relatively high prices for their respective locations.

These trends are likely to persist in the near term as developers keep rolling out new launches to ride on the improvement in home-buying momentum.

The upbeat mood flies in the face of dour news on the Singapore economy amid global trade tensions. This has set some observers wondering as to whether a fresh round of property cooling measures could be on the cards.

The subject will have implications for property market players including listed developers with upcoming private residential project launches.

These include City Developments, which has a condo project in Sims Drive and a joint venture with CapitaLand for a project in Sengkang; and GuocoLand (Midtown Bay in Beach Road, Meyer Mansion and a 40 per cent stake in a condo on the former Pacific Mansion site in the River Valley ar…