Developers seen to continue private housing launch momentum in 2021

AFTER topping their 2019 sales performance last year despite the pandemic-induced recession, developers are poised to continue their new project launch momentum this year.

ERA Singapore's head of research and consultancy, Nicholas Mak, said: "The launch and sales momentum are likely to continue into the first quarter of this year with the launch of major projects such as Normanton Park, Parc Central Residences and The Reef at King's Dock."

As the Covid vaccination programme is rolled out in Singapore, housing demand could increase in the second half of this year as the economy and job market improve. "At the same time, homebuyers from overseas could return to Singapore as travel restrictions are gradually eased as more people are vaccinated," he added.