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.
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
