0315 GMT - Developers in Singapore could sell more new homes this year, excluding executive condominiums, says Tricia Song, CBRE's head of research for Singapore and Southeast Asia, in a commentary. Developers are more likely to push ahead with launches this year, as buying appetite returned in 4Q 2024 amid lower mortgage rates, she adds. CBRE projects that 7,000-8,000 new homes will be sold in 2025, up from 6,560 units in 2024, driven by easing interest rates and improved buying sentiment. However, buyers may remain selective amid a wide range of new launch options, Song notes. "Attractive developer pricing remains key to healthy new launch performance," she adds. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 22:15 ET (03:15 GMT)
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