For the second half of 2017, Singapore private condo prices rose for 1.3% after slumbering for the past 4 years.
On September 2017, Morgan Stanley has released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by 2% in 2017 and rising again by another 8% in 2018, reported the Business Times.
The positive uptrend once again is proven on 18 Jan 2018. CDL has sold 18 units at New Futura on the first day of the private preview. The units were sold at an average of $3,200 psf, without offering deferred payment scheme.
The aforementioned denotes the strong demand for luxury homes. The property market hints that deferred payment scheme is not necessary to move the luxury homes sales. As a result, the existing deferred payment scheme the market will not last long.