More Singapore property developers expect prices of new launches to go up

Construction cost for property development has increased due to covid-19 and inflation. Rising cost of raw materials and oil resulted in higher property prices as well. This will add on cost to buyers. As lesser new condo will be launched this year, developers are likely to launch at higher price. However, all the negatives will be offset as property investment has been perceived to hedge against inflation. Riviere

Source: The Straits Times


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