Developers to launch fewer new private homes for sale in 2022: analysts
Headwinds include higher ABSD, uncertain demand, elevated construction costs and potentially steeper rates
Add BT as a preferred source
Singapore
ANALYSTS expect the number of new private homes released for sale in 2022 to fall year-on-year, denting transaction volumes as some developers may delay launches in the wake of the cooling measures.
2022 will also see smaller scale launches and an absence of the mega projects wheeled out in 2021, such as Normanton Park which has sold about 1,450 of its 1,862 units this year.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
SpaceX surge further boosts Saudi billionaire prince’s fortune
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
Billionaire Partners Group founder moves to split family office
