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New home prices likely to remain unchanged: Experts
Developers, contractors may absorb extra costs from measures to keep virus transmission low
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Buyers have the upper hand in a weak economy, say experts, and developers and contractors are expected to take this into consideration. And while, in principle, contractors will have to bear the additional costs of safe distancing measures, the authorities are working out how costs can be spread among the different parties involved.
ST PHOTO: KELVIN CHNG
Prices for upcoming Housing Board (HDB) flats and private properties will likely remain the same despite an inevitable hike in construction costs, said property analysts.
Developers may absorb the additional costs or get contractors down the line to do so, instead of raising property prices, as buyers have the upper hand in a weak economy.
