Chart of the Day: No sleep for developers as property supply set to skyrocket in 2016

Further aggravated by weaker demand.

Supply is piling up in Singapore’s property market as a significant amount of projects are set for completion in 2016, but only few are actually looking to buy.

And don’t expect things to be better soon, as BMI Research reports slower demand conditions in the coming years.

“Poor external demand conditions owing to both a slowdown in China and other key emerging markets are unlikely to abate in the near future, particularly given that we expect China's economy to cool further in 2016,” BMI Research said.

“Other factors which will weigh on property demand include rising interest rates as well as tightening immigration policies. Immigration (particular that of skilled immigrants) has been one of the key drivers of rental demand for new housing units over recent years. A combination of these issues will prevent developers from taking on more housing projects, while weak industrial production and exports will weigh on non-residential buildings,” BMI Research said.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit