PropertyGuru’s H2 2016 Private Residential Property Outlook

H2 Private Residential Property Outlook 2016

Has the Singapore private residential market hit the bottom of its trough?

With the close of the first half of 2016, the next half of 2016 for the private residential market looked mixed with challenges, both domestically and internationally, for investors as they ponder their next moves. The first half of 2016 saw a total of 3,270 new homes sold (excluding executive condominiums) as of May, along with 3,295 new home launches. This brings the overall take up rate of 99.2 per cent.

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