14 Nov '17, 4am

Rosy outlook for residential market

The outlook for Singapore’s housing market appears bright, according to an article written by Cushman & Wakefield Singapore’s Research Head Christine Li that was posted on TODAYonline . One main factor fuelling this positive sentiment is the hot en bloc sector, where a total of 18 housing projects collectively worth $6.34 billion have been sold so far this year to reach a 10-year high in terms of value. “This en bloc wave will result in an additional 9,300 new homes injected into the market, going by estimates from the Urban Redevelopment Authority (URA),” she said. The vibrant situation is also spurring more homeowners to pull their units from the resale market in an attempt to join in the en bloc frenzy. “Even those with little chance of success are also trying their luck. As a result, there is now a shortage of resale properties on the market — a turnaround from the sit...

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

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