SINGAPORE (EDGEPROP) - Overall, CBRE expects Singapore’s property market to remain resilient despite macroeconomic headwinds. This is highlighted in CBRE’s report “Real Estate Market Outlook 2020 - Singapore”, which gives projections for the property sectors of residential, office, retail, logistics, and the capital markets.
In 2019, there was a record number of 52 launches. New sales dominated the private residential market with 9,912 private residential units sold. It represented a 12.7% y-o-y increase, signalling improving buyer sentiment despite property cooling measures.