The property consultancy stressed that the new housing supply in the suburbs has been limited over the past years as the volume of condos launched only averaged at 3,495 units each year from 2019 through 2023, compared to the 9,860 units released annually from 2009 to 2013.
“The increase in launched units may help meet the pent-up demand for private homes in the suburbs and slow down the pace of price growth for new condos,” OrangeTee said.
It said some of the project launches to watch out for in OCR this year includes the 440-unit SORA, 533-unit Lentor Mansion, 512-unit Lumina Grand EC, and the 345-unit at Champions Way.