03 May '18, 3am

29 new developments to launch in 2018

From now until the end of 2018, there are potentially 29 new private residential developments which could be launched. New Futura. 14,200 more new private homes to enter the market This number has come from Sotheby’s review of recent government land sales (GLS) sites and collective sales acquired by developers between mid-2016 and August 2017. With these many potential launches, 14,200 new private homes are estimated to hit the market later this year. Previously there might have been slight apprehension about a supply glut, but in view of the positive sentiments and rising home prices which have rallied in Q1, the market may well be able to absorb this new supply. Sotheby’s has however mentioned that this would be dependent on whether developers strategize their launches wisely. 14,200 may not be a small number to feed the buying public. But it is not impossible to digest ...

Full article: https://www.iproperty.com.sg/news/29-new-developments-to-...

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