2016 could see some policy easing.
The property sector remained subdued but not really that bad at all. Barclays will show you in 10 charts.
November developer sales rose 39% m/m and 79% y/y to 759 units, bringing 11M15 sales to 7,144 units (-0.1% y/y). While Barclays expects a quiet December, believes sales for full year 2015 could slightly exceed 2014’s full year sales of 7,316 units.
MAS in a review last month noted that “risks in the sector are abating”. Barclays believe a peak vacancy rate of 10% next year and rate hikes will push down prices another 5-8% in 2016. By then the government could be ready for some policy easing, it said.
Do you know more about this story? Contact us anonymously through this link.