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Private Home Prices Rise 3.9% In Q1
The real estate market is on an upswing where buyer and investors are coming into the new launches and resale markets while land bids remain bullish and the en bloc sales are gathering momentum. Dr Lee Nai Jia, Head of Research for Edmund Tie & Co, predicts that prices could attain a 8 – 12% growth for 2018. Although there are more than 68 thousand units unsold or in the pipeline, he believes that the supply can be absorbed by the level of average market demand as seen in 2009 to 2013.
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