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Agribusiness

Cherryl Anne Cruz

Published:

6 months ago

Sol

How will the new sale residential market perform in 2024?

There may be 38 launches next year.

Real estate expert Huttons is “ cautiously optimistic “ that the new sale residential market will perform better in 2024 than in 2023.

“With a rosier economic outlook projected in 2024, developers are estimated to sell between 7,000 and 8,000 units,” Huttons said.

“Developers are growing in confidence as indicated by their willingness to pay more to secure good sites in the past few Government Land Sales tenders,” Huttons added.

In 2024, there may be 38 launches with an estimated 11,636 units, including the 512-unit EC project, Lumina Grand at Bukit Batok West Ave 5.

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