Growth for the public housing and the mass market particularly the increase in the mass market is expected to continue in the next two quarters as developers are pricing the mass market projects sensitively for those ranging below the $1000 mark.
The positive economic growth in Asia and the desire for greater urbanization will continue to put a greater demand on materials thus maintaining a high construction cost.
With such high cost, mass market prices are not expected to dip in the next two quarters sustaining growth by another 2-3%.
The HDB market is also expected to do well in the next two quarters taking into consideration the short supply in the immediate thus creating a greater demand for resale flats. Prices in the HDB market are expected to go up by another 5% in the next two quarters, maintaining an overall growth of 13% for year 2008.
With this, Mr. Mohd Isamil expects the demand for public housing and the mass market below the @1000 mark to do well in the second half of the year