Singapore property investment market likely to get shot in the arm in 2021: CBRE businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Possible revival of en bloc market in 2021 as developers look to replenish land banks: Analysts Toggle share menu
Advertisement
Advertisement Singapore
General view of private and HDB properties in Singapore. (File photo: TODAY)
03 Feb 2021 12:30PM) Share this content
Bookmark
SINGAPORE: The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts.
This comes as the property market has remained resilient in the face of the COVID-19 pandemic and consequent economic uncertainty, said analysts.
Advertisement
Just two en bloc deals totalling S$77.2 million have been inked so far this year, according to Mr Wong Xian Yang, an associate director of research at property firm Cushman & Wakefield.