Desmond Sim, Head, CBRE Research, Singapore and South East Asia
The April sales
numbers show that underlying demand is still strong for existing projects. This
is in addition to the new launch of Sturdee Residences, which has sold 126
units. It is noteworthy that these projects have kept prices relatively steady,
an indication that the market is reaching a trough in price declines and
entering a steady state. At this point, the momentum in the residential market
is being driven by a few factors including additional marketing by existing
projects as well as strong locational attributes. A number of projects are
close to the MRT and amenities.
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.