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Muted demand for private residential properties a concern for developers, says Redas president

Chia Ngiang Hong calls on developers to look beyond short-term volatility and to invest for long-term growth

Claudia Chong
Published Fri, Sep 13, 2019 · 09:50 PM

Singapore

PRICES of private residential properties may have gone up in the second quarter, but this does not reflect the true state of the market, said Chia Ngiang Hong, president of the Real Estate Developers Association Singapore (Redas) on Friday.

New home sales remain lacklustre on the back of existing cooling measures, abundant unsold stock and a worrying economy, he said in a spee…

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