A quarterly poll of the real estate industry revealed that as confidence in the business weakened, DEVELOPERS may be becoming more conservative in their pricing of residential projects.
71% of developers surveyed in the fourth quarter predicted that costs for new launches in the following six months would "remain at the same price level," an increase of 38 percentage points from the third quarter. Meanwhile, 29% of respondents thought new launch pricing would be "moderately higher". 56% of respondents in Q3 anticipated rising prices.
The National University of Singapore's (NUS) Institute of Real Estate and Urban Studies conducted the poll (IREUS).
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