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Singapore home prices are soaring, but new launches still sell well. What are the factors at play?
30-Second Summary
- •Singapore private residential prices continued to escalate towards the end of 2022 despite macroeconomic uncertainties.
- •New condominium launches demonstrated resilient sales volume and strong buyer interest across various market segments.
- •Underlying market dynamics show buyers accepting higher price benchmarks for newly launched developments.
My Analysis
The sustained absorption rate for new launches amid soaring prices underscores robust domestic liquidity and deep confidence in Singapore real estate as a safe-haven asset. While developers hold strong pricing power, buyers and investors should carefully assess their financial leverage against rising interest rates and prospective policy headwinds.