Pace of new home launches to remain steady despite cooling measures
Growth drivers include firm economic expansion, rising affluence, a stable labour market and Singaporeans' thirst for real estate investment.
HOME buyers are more discerning and selective in their purchases as the market adjusts to the new cooling measures. Demand is beginning to gravitate towards projects with perceived strong value propositions.
The August and September 2018 sales figures seem to bear this trend out. Two months after the new cooling measures were introduced, top selling projects appear to be enjoying higher market share gains.
In August and September 2018, the top five projects took up 73 per cent and 68 per cent of total private new home sales respectively, while in June 2018, the top five took up only 61 per cent of total new home sales in June 2018.
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