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Close to 50 new launches can be expected, some of them mega-projects, amid cautious demand and tighter financing
Singapore THE private residential property market here could face some demand tests ahead as higher interest rates and heftier duties from the authorities' cooling measures weigh on buyers' wallets.
As it is, property curbs unleashed in July have already sent the private property market on roller-coaster year in 2018.
Mounting global uncertainties, rising interest rates and lacklustre business and consumer sentiment mean the Singapore economy is in for another slow year in 2017.
But economists say there are glimmers of hope amid the gloom, particularly in some segments of manufacturing as well as up-and-coming industries like technology.
The Singapore economy grew "one plus per cent" last year, Prime Minister Lee Hsien Loong said in his New Year message on Saturday.
