The Apartment market not out of the woods yet
Market optimism abounded in the early 2022, especially with more business activities opening up, but challenges in the property market remain. Several key factors are still impacting the market, these mainly being geopolitical instability, supply chain disruptions and the threat of higher inflation impacting the cost of living. With the current economic headwinds taking a toll on the property sector, overall growth will be limited this year, thus we expect apartment sales to remain at around the same level as in 2021.
Given subdued demand, developers will continue to provide attractive and innovative promotion and payment schemes, as well as highlighting the amenities that will differentiate their projects from other developments.