Developers to launch fewer new private homes for sale in 2022: analysts
Headwinds include higher ABSD, uncertain demand, elevated construction costs and potentially steeper rates
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ANALYSTS expect the number of new private homes released for sale in 2022 to fall year-on-year, denting transaction volumes as some developers may delay launches in the wake of the cooling measures.
2022 will also see smaller scale launches and an absence of the mega projects wheeled out in 2021, such as Normanton Park which has sold about 1,450 of its 1,862 units this year.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
