Developers expect no change in residential launches and prices in next 6 months
One in three still expect prices to rise moderately over the period.
A majority of developers expect little change in the number of launches and prices for residential units in the next six months, according to National University of Singapore's (NUS) Real Estate Sentiment Index.
In NUS’ second quarter survey, 70% of developers said they expect the same number of new launches, whilst 50% said the prices will remain the same, both up 10 percentage points from the first quarter, when they stood at 60% and 40%, respectively.
A further 20% expect launches to be moderately higher, whilst 10% believe it will be moderately lower.
In terms of prices, 30% said residential unit prices will be moderately higher, whilst 20% said it will be moderately lower.
No respondents expected a substantial increase or decrease in either launches or prices.