Weekly Industry News

Local property market to remain `flattish` next year

Weekly Industry News

THE local property market is set for a “flattish” year in 2020, as the wait-and-see attitude, cautious sentiment and less-than-stellar outlook that were initially forecast for 2019, will unfortunately continue into next year.

But that, according to property consultants, is not a bad thing.

CBRE|WTW managing director Foo Gee Jen says the momentum that was seen this year will carry into 2020.

“Developers will continue to tweak their projects. Gone are the days when they will launch super-linked terraces and super condominiums. No longer will we see huge numbers of double or triple-storey residential units, ” he tells StarBizWeek.

Media Title: The Star

Date: 28 Dec 2019

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