New private home sales to ease in 2022 on cooling measures, less fresh supply

Singapore

AFTER a banner year in 2021, sales of new private homes are expected to moderate in 2022 on the back of the latest property cooling measures and a limited pipeline of launches.

Genuine home buyers - such as first-time buyers - who are the least impacted by the fresh raft of curbs are seen driving the market next year, while foreign buyers and investors may take a step back due to the higher additional buyer's stamp duty (ABSD). Rather than decline, private home prices are expected to appreciate at a more gradual pace vis-a-vis 2021, analysts say.