Primary market sales volume predicted to creep up to 500-800 units in April

The TDSR dust has somewhat settled.

According to Chia Siew Chuin of Colliers International, now that the TDSR has been in play for nine months, the dust has somewhat settled and buying volume is likely to improve in tandem with the anticipated launch of attractive and well-located residential projects.

Nonetheless, there appears to be little respite for the private residential property market at least in the short term.

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This is in view of the continued enforcement of the cooling measures, the tentative recovery of the global economy, as well as longstanding concerns of potential interest rate increases and a mounting supply of homes.

In light of various headwinds, the theme of affordability will persist and homebuyers are expected to remain highly selective in their purchases.

Taking into consideration the healthy interest seen during the launch of Lakeville in early April, primary market sales volume is expected to climb to the region of 500-800 units in April before improving further in the following months.