singapore property 2016Despite Singapore’s housing market remaining sluggish, some property experts believe that in the coming second half of 2016 transaction levels of property market could start to recover.

According to Ms Alice Tan, Frank’s Head of Research & Consultancy, the coming 2016 could be a tale of 2 halves for the Singapore property market. A tepid first six months followed by the recovery in transaction levels over the second half of 2016.

Some property buyers could rebound to the market by the 2H 2016, if they found out that the hefty price corrections they were expect are doubtful to happen, Mr Alan Cheong of Savills stated.

Considering the transaction levels, Mr Alan Cheong predicts that initial sales of private non-landed homes, except for executive condominiums, could increase about 7,500 units in coming 2016.

Some of the upcoming Singapore Property that attracts local and foreign buyers includes Kovan Treasure and 183 Longhaus.