Half of developers likely to cut prices of Singapore new launches
54% in survey see 2-5% new sale price fall in 2020, 46% expect 5-8% slide in resale prices in 2020
Singapore
THE sentiment of local property developers has dived, with half of them likely to lower the selling prices of their new launches in the next six months.
This is according to the latest Real Estate Sentiment Index (Resi), published by the National University of Singapore Real Estate (NUS+RE). The index hit a record low in the first quarter of 2020 amid the Covid-19 pandemic.
TRENDING NOW
From legacy to launch: Francis Yeoh and Yeoh Pei Xien on family unity and YTL’s next‑gen ventures
Things to know about DBS’ incoming chairman Anthony Lim
Wealthy Indonesians snap up government bonds as yields near 8%: OCBC
From local AI partnerships to global opportunities: How MNCs help Singapore firms scale
