Redas: Increase in private residential prices not reflective of market condition

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23 Sep 2019 07:42 #25023 by toapayohlady
SINGAPORE (EDGEPROP) - Singapore developers are concerned with the current market situation of “high supply and subdued demand”, says Chia Ngiang Hong, president of the Real Estate Developers Association Singapore (Redas), at the association’s Mid-Autumn Festival Lunch today (Sept 13).

While the private residential property market has seen more activity in recent months, Chia highlights that the price increase of 1.5% in 2Q2019, “does not reflect the true state of the market”.


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