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THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday. ‘In the mass market, what you are seeing is real end-user demand that is catching up,’ he told reporters at a briefing to present the group’s economic [...] Mass-market sales may ease, focus is on high-end homes Markets are stabilising and developers here are ready to roll out pricey homes. Industry watchers are keeping their fingers tightly crossed for the high-end residential sector, which could see more launches next year if economies sail smoothly towards recovery. According to Colliers International estimates, 10,671 private homes are [...] |
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