First-time buyers likely to go into home-buying spree

They're free of ABSD duties.

According to PropNex, new home sales volume for March 2013 is expected to pick up as developers step up on their new project launch activities especially after the January’s cooling measures with City Developments’ (CDL) mega 912-unit condominium D’Nest in Pasir Ris has already been readied for launch at a reasonable mass market price.

First-time buyers are likely to be the sustaining the numbers, seizing the opportunity in entering the market, as they do not have to pay the ABSD and developers are offering discounts and incentives for this segment of homebuyers .

"We expect the sale of mass-market projects to remain healthy in the coming months. Developers will continue to be innovative in their new projects while at the same time, offering discounts to negate the ABSD. Projects with good locality and accessibility attribute, along with reasonable pricing will continue to be well-received," it said.

The price quantum will continue to remain a key consideration for homebuyers as they are more sensitive.