115 views
Photo by CHUTTERSNAP on Unsplash

Price growth of private homes to moderate in 2023

CBRE expects prices to increase by around 3%-5%.

Given the low unsold inventory, healthy household balance sheet, and higher rents, CBRE expects the price growth of private homes to moderate in 2023 to around 3%-5%.

In 2022, private home prices rose by 8.4%.

Meanwhile, CBRE expects new home sales to improve to 7,500 – 8,500 units in 2023 on the back of a healthy new launch pipeline.

In 2022, the full-year new home sales declined by 45% YoY to 7,104 units.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!