Buyer's market for private homes due to unsold units: CBRE

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With 30,473 unsold new project units, it is still a buyer’s market amidst the Covid-19 outbreak. Developers may be inclined to reduce prices or give discounts when this unsold inventory increases while there are new project launches. Bleak consumer outlook as well as the rising land costs are likely to balance each other out for year 2020 and limit price growth to an estimate of 1 per cent.

Source: https://www.straitstimes.com/business/property/buyers-market-for-private-homes-due-to-unsold-units-cbre

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