Private home prices may climb by up to 2% in 2019
Singapore Business Review PUBLISHED: 06 DEC 18
According to a report by OCBC Investment Research, Singapore developers may have to be more sensitive in their pricing going into 2019 thanks to the potential deluge of new project launches amounting to approximately 20,000 private residential units expected in H1.
“We are projecting price growth to range between -3% to 2% as slower economic growth and the deluge of new launches may act as a dampener on home prices,” the analysts said. “For private transaction sales volumes, we project 8,000-10,000 units for 2018 and 10,000-12,000 units for 2019.”
Data from URA and Edmund Tie & Company Research found that Sim Lian Group’s Treasure at Tampines development will produce the most units at 2,225.
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