0521 GMT - The Singapore residential market's current consolidation phase suggests a healthy recalibration rather than structural weakness, says DBS Group Research in commentary. This is assuming that the market's underlying demand fundamentals remain intact, its analysts say. Private home prices rose by a modest 0.3% on quarter in 1Q, while private residential sales volumes contracted by around 40% on quarter. Moderating pricing trends appear broadly in line with DBS's expectations for private residential prices to grow by 1.0%-3.0% this year. While transaction volumes could undershoot DBS's near-term initial projections if buyer sentiment remains cautious, the analysts expect activity to recover in 2Q-3Q, which are seasonally stronger for project launches. DBS continues to favor property developers with visible launch pipelines, such as UOL Group and City Developments.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 02, 2026 01:21 ET (05:21 GMT)
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