16 Jan '17, 8am

.@desmondsim6 comments on the @URAsg home sales volume for Dec 2016

CBRE Comments: URA Home Sales Volume December 2016 Desmond Sim, Head, CBRE Research, Singapore and South East Asia: Demand for new homes surprised on the upside in 2016 with a preliminary total of 8,136 units. This surpassed the 7,853 units that were launched. This was similarly seen last year. Buyers picked up projects that were previously launched partly as they took longer to decide on a purchase in the face of many options, amongst other reasons. Evidently, there is still underlying demand but buyers are taking a longer time to commit to a purchase. However, given the economic outlook coupled with rising interest rates, CBRE expects sales performance to be slightly under in 2017.. Palatable quantums for both first-time owners and investors have been the key driver for healthy home sales over the past 24 months. The other key trend for 2016 was that buyers ventured into...

Full article: http://www.cbre.com.sg/aboutus/mediacentre/mediaarchives/...

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