What will stabilise the weak property sector?

Upcoming new launches will pique buyer sentiment.

It will be a complete turnaround for the property sector in the coming months as upcoming launches will boost buyer sentiments.

According to a report by DBS Research, in the pipeline are a number of residential projects primed for launch in the coming months including Alps Residences (MCC Land), Forest Woods (CDL), The Clement Canopy(UOL) and Queens Peak (HY Realty).

"Healthy take-up rates during the launches will be seen by the market as sign of a further stabilisation of the property sector," the report said.

This is following the weak developer sales registered in August due to lack of major launches.

"The lack of new launches meant that primary sales came in 58% lower m-o-m, 17% lower y-o-y to 805 units," DBS noted.

Sales were partially buoyed by resale transactions, which saw a 30% YoY increase.

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