26 Oct '17, 3am

Developers more upbeat but worry over possible curbs

Home builders here have become more bullish, but they fear that the improving market conditions would result in more property curbs from the authorities, reported the Straits Times . In fact, the Real Estate Sentiment Index (RESI) show that property developers’ general sentiment has improved. They also have better views on the prevailing situation as well as future prospects. This is because, the composite index, which indicates overall sentiment, rose to 6.6 in Q3 2017 from 6.1 in the prior quarter. At the same time, the present sentiment index increased to 6.5 from 6.1, while the future sentiment index climbed to 6.7 from 6.2 previously. RESI was jointly developed by the Real Estate Developers’ Association of Singapore (REDAS) and the Department of Real Estate at the National University of Singapore (NUS). “The high sentiment scores indicate a robust and broad-based reco...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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