The lull is likely to persist into December as developers traditionally shun launches during the holiday period. But many are already revving up for a slew of developments to be released in the new year, which could extend the buying frenzy seen in recent months.
Falling interest rates, an influx of rich immigrants and a local intergenerational transfer of wealth have fuelled demand for new homes in Singapore, one of Asia’s least affordable private residential markets. Authorities have intervened in recent years to dampen price increases but have yet to make a significant dent in buying interest.
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