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Firm outlook for private housing market belies risk factors

Some analysts flag possibility of fresh cooling measures if developers start bidding aggressively for land

Kalpana Rashiwala

Published Wed, Dec 30, 2020 · 09:50 PM

Singapore property

Singapore

THE outlook for private home prices in 2021 remains firm with most property consultants forecasting prices will appreciate slightly more than in 2020.

A brighter economic outlook, easing of travel restrictions and a reduction in the inventory of unsold private residential units along with low interest rates all bode well for the private housing segment.

On the flip side, observers flagged several factors that may weigh on the market in the next 12 months. These include a deterioration in the employment situation, a potential resurgence in Covid-19 desp…