Real estate developers in Singapore released and sold more private homes in July 2018 compared to the preceding month.
The jump in launch and sales volume were the result of the knee-jerk reaction triggered by the sudden, new round of cooling measures implemented by the Government on the evening of 5 July 2018.
ZACD Executive Director and Chief Investment Officer, Nicholas Mak shares his comments with Channel NewsAsia, Channel 5 and Channel 8 on the jump in July sales and the likely market’s reaction in the subsequent months.
To watch the Chinese interview (02:00 – 02:18) broadcasted on Channel 8, 15 August 2018, 10pm, click here.
A version of this article is also published in The Business Times, Homepage, 16 August 2018, with the headline ‘Rush to beat cooling measures sends developers’ sales to 16-month high’ and Lianhe Zaobao, Homepage, 16 August 2018, with the headline ‘降温措施生效前抢购 7月新私宅销量猛增超过一倍’.