Executive Summary
– Close to 10,000 private homes are expected to be completed in 2018, which will add to the vacancy rate.
– The Core Central Region had the highest vacancy rate of 10.9 percent in Q3 2017. This will put further pressure on rental prices in the city area.
– There could be as many as 16 to 22 major new launches next year. Given the higher land prices and anticipated market recovery, new private home prices will likely be higher in 2018.
