Singapore new-home sales are likely to fall this year to the lowest since the global financial crisis, according to property consultancies that cut their forecasts after yet another month of weak transactions.
Developers sold fewer than 2,700 units this year through August, according to Bloomberg calculations based on Urban Redevelopment Authority (URA) figures. CBRE Group and Jones Lang LaSalle (JLL) now see the total for 2024 dropping below last year’s 6,421, which was the least since 4,264 in 2008.
