Slowing demand: Residential property under construction in the River Valley in Singapore. Overall, demand has slowed in 2023, which is expected to record the lowest yearly new home sales since 2008. — Bloomberg
PRIVATE homes in Singapore’s prime district have been snapped up faster than those in the city fringe and suburbs in 2023, due in part to a lack of new private residential launches in that region.
From January to September 2023, there were 505 private homes launched in the core central region (CCR), but 1,182 new homes were sold, according to data from the Urban Redevelopment Authority (URA).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
