1) Recovery to gather pace on fresh optimism – We expect housing demand and buying sentiment to pick up further in the coming months on growing vaccine optimism and potential macroeconomic recovery. The real estate market has long been a playground for the affluent as they may continue to grow their investment portfolios; 2) Diminishing home supply may continue to prop up prices – There will be fewer mega launches in the mass market and city fringe areas. With diminishing stock and the improvements in the macroeconomic outlook, the probability of home prices falling this year is not high; 3) Final tranche of new homes to be released from latest collective sale cycle – Large, freehold prime sites are few and far between. Buyers who aim to snag a slice of the luxury home pie may have to wait for the next collective sale cycle should they miss this buying opportunity; 4) HDB market emerging from the doldrums – Buying interest will remain healthy for lower-priced or attractively priced flats. The soft employment market may continue to see some families downgrading to HDB flats.... Continue Reading