Developers' worries about oversupply remain: Redas

2024 · 07 · 24

Even as the private residential market appears to be stabilising in line with economic fundamentals, developers' concerns over the upcoming supply and build-up of unsold inventory remain, Real Estate Developers' Association of Singapore (Redas) president Chia Ngiang Hong said.

"Although new home sales seem resilient, sales performance across the different projects and segments are uneven," he said at Redas' annual Spring Festival lunch yesterday.

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Adapted from Straits Times 1/2/2020