22 Dec '17, 8am

Festive season brings moderate home sales

Festive season brings moderate home sales

The year-end festivities are in full swing and while the streets fill with yuletide cheer, the real estate market bids a quiet adieu to the year. Nim Collection Festive season corresponds with a quieter property sector Though November’s new private home sales volume did not slide into the negatives, it did only inch up 3.3%. 785 units were sold last month. There is however a 8.7% fall in comparison with November 2016. Related : Home rental rates slip slightly in November The market has shifted in the favour of private property sellers as developers hold back on new launches . From last December to November this year, developers have sold more units than they have released. This could indicate that developers are holding back in wait for a price recovery, which is already happening. But there is potential for further price-rises next year. Developers strategies shift from s...

Full article: https://www.iproperty.com.sg/news/festive-season-brings-m...

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