Singapore Property Market 2019: 5 Things You Need To Know

By EdgeProp Singapore / EdgeProp | January 10, 2019 5:17 PM SGT
With the New Year now upon us, many are wondering what lies ahead in the coming months.
In this article, we’ve rounded up 5 things you need to know about how the Singapore property market could pan out in 2019.
In the pipeline for launch in 2019 are about 60 new residential projects
In the pipeline for launch in 2019 are about 60 projects. Several developers have already lined up previews in January, ahead of Chinese New Year on February 5.
They include Roxy-Pacific Holdings’ Fyve Derbyshire and RV Altitude; TEE Land’s 35 Gilstead (the former Casa Contendere); One Meyer by Sustained Land; and Jervois Prive (former Jervois Green) by a consortium led by the owner of Spring Court restaurant. Meanwhile, bigger projects such as SingHaiyi’s The Gazania (former Sun Rosier) and The Lilium (former How Sun Park) are slated to launch after Chinese New Year.
The two biggest projects that will be rolled out in 1Q2019 are the former Normanton Park (1,882 units) and Treasure at Tampines (former Tampines Court), which will comprise over 2,000 units.
Location-wise, about 40% of projects headed for launch in 2019 are in prime Districts 9, 10 and 11. Many of these projects are freehold, and are located near the Orchard Road shopping belt and top international schools.
A semi-detached house at 25 Pasir Ris Way was sold for $5 million ($505 psf) in May (Credit: ET&Co)
Mortgagee sales are expected to rise in 2H2019, as more owners are choosing to list their properties on the auction market. Including re-listings, the number of properties put up for sale at auctions totalled 1,087 last year (as at Nov 30, 2018). This was 35.4% higher than the figure in 2017. According to Colliers International, the figure is the highest recorded since 2008.
From Colliers’ data, the total number of mortgagee listings in 2018 increased to 472,...