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Developers kicking off 2020 with early launches

Fresh property news selection on January 10. 2020, Friday.

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It may be early in the new year, but developers are already starting the ball rolling, with three freehold projects - The Avenir, Leedon Green and Van Holland - in prime Districts 9 and 10 commencing sales.

Savills executive director (research & consultancy) Alan Cheong explains why some developers are launching right off the bat: "Developers are trying their best to launch first, and see what happens. They don't have 20/20 visibility with regards to the government's intentions around the macro-prudential measures."

Huttons Asia expects 40 to 50 projects to be launched this year, with roughly half located in the core central region (CCR). Ultimately, "projects with a good location and strong positioning will do well in the market," said Huttons' director of research Lee Sze Teck.

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