𝐒𝐈𝐍𝐆𝐀𝐏𝐎𝐑𝐄 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐘 𝐌𝐀𝐑𝐊𝐄𝐓: 🔴 𝐍𝐄𝐖 𝐏𝐑𝐎𝐉𝐄𝐂𝐓𝐒 𝟐𝟎𝟐𝟑
𝐒𝐈𝐍𝐆𝐀𝐏𝐎𝐑𝐄 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐘 𝐌𝐀𝐑𝐊𝐄𝐓:
🔴 𝐍𝐄𝐖 𝐏𝐑𝐎𝐉𝐄𝐂𝐓𝐒 𝟐𝟎𝟐𝟑
For the whole of 2022, sales volume of new homes fell by about 36% compared with 2021. An estimated 4,500 to 4,600 units (across 21 projects) were launched in 2022 – less than half of 2021’s launch volume. For the whole of 2022, private home prices grew 8.4%, slowing from 2021’s 10.6% rise.
Analysts are of the view that the rising interest rates will peak this year and pose marginal deterrence to new project buyers since mortgage payment is progressive.
Some 50 new projects totalling 13,000 to 14,000 new home units may be launched in 2023, and could appeal to buyers who have held back due to a lack of new launch options in 2022.
Refer to the infographics below for more information on the expected new launches in 2023. Scan the 𝗤𝗥 𝗖𝗢𝗗𝗘 (𝗥𝗲𝗱 𝗕𝗼𝘅) bit.ly/Upcoming-New-Launches to register for updates and showflat previews.
"𝘛𝘰𝘶𝘤𝘩𝘪𝘯𝘨 𝘓𝘪𝘷𝘦𝘴, 𝘊𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘯𝘨 𝘗𝘦𝘰𝘱𝘭𝘦 𝘛𝘩𝘳𝘰𝘶𝘨𝘩 𝘙𝘦𝘢𝘭 𝘌𝘴𝘵𝘢𝘵𝘦."
Associate Senior Marketing Director
Huttons Asia Pte Ltd