Market watchers mixed over 2019 home sales

Singapore

THE wave of new launches that began in earnest the second half of last year may have helped developer sales end the year on a stronger than expected note.

But views are mixed on how this year would pan out as the new launch bonanza is set to continue.

Based on preliminary estimates, for the whole of 2018, developers sold an estimated 9,264 units and launched an estimated 8,773 private residential units.

This excludes figures for executive condominiums, a private-public housing hybrid.

Following cooling measures, some analysts had predicted last year that 2018 new home sales could fall by as much as 25 per cent from the 10,566 units for the whole of …