More Singapore developers looking to hike condo launch prices..

Well, new launch condo prices are starting at about $2,000 psf in this current market... and it's been more apparent since our path to recovering from the impact of Covid-19. (Prices have been hovering within this range for quite some time now, anyway.)

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It doesn't seem like demand is levelling, since the most recent new launches such as Piccadilly Grand and LIV @ MB have sold over 70% of their offered units. Foreigners aren't taking a step back either, with some still investing in Singapore property despite the 30% ABSD. This could just be the beginning of a price increase for the private property market, hence why so many younger couples are going for resale HDB flats (though prices are also rising as a result of pent-up demand of those unwilling to wait the BTO construction delays of 4-5 years)...

I mean supply and demand. If more Singaporeans willing to pay that kind of price, as developers, they will want to sell at higher price.