Desmond Sim, Head, CBRE Reserach, Singapore and South East Asia :
sales have corrected m-o-m, there continues to be traction in the market. There
is still a momentum that’s underpinned by genuine buyers looking to buy a home
for owner occupation. Buyers are steadily picking up previously launched
projects – both private homes and ECs. Despite the fact that there have been no
new EC launches for the past three months, the market registered EC sales of an
average of 155 units. Developers have been drip feeding the private home market
with units of previously launched projects and the latest January figures saw a
takeup of 322 units. The residential market is firmly in the favour of buyers
now. Buyers remain spoilt for choice and will continue to be very sensitive to
specific attributes of each project. The array of choices will widen further as
developers launch new projects this year. Any sale made would be the result of
a long decision process and the fulfilment of the credit check on the part of
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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