Singapore
THE 29.5 per cent month-on-month rise in developers' private home sales in May amid a flurry of nine new project launches - suggests that fears of a trade war do not seem to have dampened property market sentiment too much.
"The concern going forward is the external environment and how it will affect sentiment," said a seasoned property consultant.
"But based on the data so far, I do not think that external factors have filtered through to the market. If they had, the demand would be much weaker and developers would be less gung-ho about launches."
CIMB Private Banking economist Song Seng Wun said: "The macro news flow, either from the local front or regional/global fronts has not been...