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What is the outlook for Singapore property market in 2020?

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The accumulated number of new private residential units launched but unsold stands at 4,748, including ECs, according to URA Nov. data. YahooFinance

SINGAPORE — Here is a close look at the forces in the local property market that will give a hint of what to expect in the new year.Strong growth in the private property development space is set to continue over the next three years, as an estimated 5,265 private residential units will be completed by the end of 2020.

Story continuesThe price differentials between the prime Core Central Region and less sought after Outside Central Region districts are definitely vast, starting from S$681 psf and ending around S$3,248 psf on average. As can be observed from the red regions, indicating the highest psf prices, these have been limited to comparatively central districts such as City Hall and Tanglin.

As such, one can infer that the property cooling measures have been somewhat effective in controlling the range of property prices and preventing overwhelmingly high psf prices in majority of districts in Singapore.

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