bidding exercise for seaside residences

Indications of a get

The positive assessment is probably going to bring through into 2017, says Mr Ong Teck Hui, national chief, inquire about and consultancy, Singapore, JLL.

“Offer of private homes by designers for 2016 is probably going to be around 8,000 units, around 8 for every penny higher than the 7,440 taken up in 2015,” says Mr Ong.

Yet, while this is a change popular, it is still no place close to the solid exchange volumes before 2014.

“This means it is still a purchaser’s market, with numerous choices accessible and sufficient time to scout around. A fast turnaround is not expected as the cooling measures are still set up and the monetary log jam could bring about a few purchasers being more mindful,” he includes.

Bring down private home costs

OrangeTee‘s head of research and consultancy Wong Xian Yang predicts costs of landed homes to travel south, as financial headwinds and credit checks hold on.