Published on Jul 25, 2013 | By Chia Yan Min | Straits Times

Developers may adopt more aggressive strategies when they launch projects over the next six months, although prices are unlikely to fall significantly, said property consultancy Colliers International yesterday.

It noted in a new report that builders that have paid for costly land may be less likely to drop prices due to low profit margins.

They might be better placed to launch sooner rather than later given the latest changes in the market. That in turn could help prop up home demand, said the report.

It also noted that sales began to slow in the second quarter as January’s cooling measures worked their way through the market, and buyers became more concerned about the fragile economic outlook.