Higher supply in softening market to keep private home prices in check in 2024
Cooling measures and peaking prices keep buyers cautious; sentiment may improve in second half with interest rate cuts
Add BT as a preferred source
A SLEW of new launches to come into a softening market will keep Singapore’s private home prices in check, although talk of interest rate cuts has sparked some optimism for the second half of the year.
And where residential prices have risen the fastest in the last few years, in suburban Outside Central Region (OCR) locations, househunters will be watching if prices might ease.
“The current price levels (in the OCR) are nearing the affordability limit for most property seekers,” said Lee Nai Jia, head of real estate intelligence, data and software solutions at PropertyGuru.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
