Published:
Property prices to rise 7% in 2011
Unit transaction volumes are expected to fall to 12,000 units this year, said Macquarie.
Given the new property measures, Macquarie suspects overall prices to be affected if the expected transaction volume decline is more protracted this round, which may force some developers to consider lowering selling price expectation to move their inventory.
DBS also expects immediate drop in volume transactions. They believe that the primary sales projects for this year could tilt towards the lower end of their 10,000-20,000 units estimate.
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