Prevailing Investor Interest in Prime Non-Landed and Landed Homes in Q2 2020, Despite Lower Sales.
Market Outlook Prime Non Landed Residential
As regulations ease with Singapore reopening its economy in phases, the sale of prime non-landed residential units are expected to improve in the second half of 2020, eventhough travel bans across the globe remain largely in place. Despite the persistent looming pall of the COVID-19 pandemic, foreign buyers continue to regard Singapore as a safe haven for investments, typically in the form of residential homes.
Market Outlook Landed Residential
As physical restrictions are relaxed (from 19 June), Knight Frank envisages trading activity and demand for landed homes to pick up in the second half of 2020. Landed homes in landscarce Singapore make up about a mere 5% of all housing stock. With limited new upcoming supply and prices easing for these residences, potential buyers with cash reserves will likely scout for good-value opportunities in the rest of 2020.