Demand for Singapore’s private housing and average property prices are poised to rise amid an expected population increase, DBS said in a note this week.
With its assumption that Singapore’s population will rise to 6.3 million to 6.5 million by 2030, DBS projected annual demand for primary homes would come in at 13,000 to 16,000 units until 2023, before tapering off to average around 12,000-13,500 a year.