29 Jan '16, 1pm

Property developers delaying launches due to poor market sentiment: Industry watchers

Property developers delaying launches due to poor market sentiment: Industry watchers

SINGAPORE: Residential property developers have been holding back on property launches, with a few opting to delay by one or two months, according to property watchers. They attribute this to developers being conscious of poor market sentiment amid economic uncertainty. The first residential property launch for 2016 is expected to be WanderVale, an executive condominium (EC) in Choa Chu Kang with 534 units. Three other developments, a mix of ECs, mixed developments and private are also expected to headline the first quarter, with sites in Yishun, Sembawang and Kovan. One project that has been delayed to May is a private condominium in Toa Payoh. Industry watchers noted some launches may see delays, depending on market conditions. "There were some projects that were expected to be launched slightly earlier – perhaps late February or even March. For these projects, in light ...

Full article: http://www.channelnewsasia.com/news/business/singapore/pr...

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