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Private residential property market expected to ‘remain resilient’ in 2020

Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31).

There could be more than 30 projects with 9,000 new units launched for sale this year. Half of the new projects are expected to be located in the core central region.

About 26,100 flats will reach Minimum Occupation Period – 50% higher than the average over the past five years. Higher income ceilings and improved subsidies for HDB buyers will also increase liquidity in the HDB market, Mr Chia said.

– 31 Jan 2020

Read Full Article at https://www.channelnewsasia.com/news/singapore/private-residential-property-market-expected-to-remain-resilient-12374342

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