New home sales seen to spike in November

Developers’ sales volume to hit 1,300 units.

According to Colliers International, developers are expected to turn aggressive, launching their projects to secure sales before the year-end festive season kicks in. As such, new home sales are likely to spike before easing again in December.

Reasonably-priced and well-located homes will continue to find favour with homebuyers. While strong interest to new launches such as Alex Residences and Duo Residences suggests that home buying sentiments remain positive, the TDSR and cooling measures are expected to rein in extensive buying exuberance and price increase on the back of downside risks.

In consideration of the above and barring any unforeseen shocks, developers’ sales volume is expected to hover in the region of 1,300 units in November before tapering in the year end where it is traditionally a lull period.