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Rising risks in home prices; waterfront living

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Leslie Yee

Leslie Yee

Published Tue, Oct 17, 2023 · 03:14 PM
    • With higher borrowing costs, widespread inflation, and economic uncertainty, analysts expect buyers to be cautious and new private home sales for 2023 to be below that of 2022, writes BT senior correspondent Leslie Yee.
    • With higher borrowing costs, widespread inflation, and economic uncertainty, analysts expect buyers to be cautious and new private home sales for 2023 to be below that of 2022, writes BT senior correspondent Leslie Yee. BT SCREENSHOT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SOME fizz is coming off Singapore’s residential property market. 

    Developers sold 217 private homes in Singapore in September, down 44.9 per cent from the 394 units moved in August, according to data released by the Urban Redevelopment Authority. 

    The latest September sales figure – which excludes executive condominiums – is also less than a quarter of the 987 units sold in the same month in 2022, and is the lowest since December 2022.

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