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SINGAPORE—New curbs on Singapore's public-housing market are likely to drag down demand within the broader real-estate sector, analysts say, as regulators take steps to rein in rising residence costs in the metropolis-state.
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These steps are "unfavorable" for Singapore's private-home market, "on condition that upgrader demand has contributed to a good portion of mass-market personal residential housing demand," based on Adrian Chua and Ivan Lim, property analysts at Citigroup. About eighty three% of Singapore's resident inhabitants of three.82 million people, including everlasting residents, live in HDB-built houses. Because the HDB's steps come hot on the heels of the MAS measures, "we believe that the unfavourable knock-on effects across property segments could be more direct and more quick," Mr. Lum stated. Over at Whampoa East Highway, the Eight Riversuites condominium has 205 unsold items. However, the 862-unit challenge was one of many high sellers last month, when it bought forty four items. 1ST Quarter 2014
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