Singapore’s private home market closes 2024 on a high; will late-year burst fizzle out?
Sentiment looks to be improving, but this momentum may not sustain into the new year, say analysts
Add BT as a preferred source
SINGAPORE’S private residential market seemed to spring back to life during the fourth quarter, in a year when new home sales earlier collapsed to record lows and buyers stayed on the sidelines with market-cooling measures in place.
It was also an unprecedented year for state land sales, with three sites not awarded and one tender closing with no bids as developers shied away from risky projects.
Sentiment appears to be improving after new home sales jumped in November, although analysts are not betting that the recent surge will be sustained, and prices are not expected to climb much higher next year.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
