In 2014, a large portion of Singaporean property transactions rests in the hands of homebuyers, to the likely detriment of home developers. Research conducted by CIMB Bank showed that only 14 percent of the respondents living in Singapore intended to buy residential property within the following one/two years. The greatest disincentive for buyers is apparently represented by government policies and the expectation of ensuing falling property prices. A staggering 78 percent of the respondents living in Singapore claimed that they would only buy property after three years. However, most of these buyers only expect prices to drop "a little", a fact that is clearly reflected in the indications of demand that occur each time home developers set lower prices for re-launch projects.

The 2014 Singaporean parc central residences showflat property market is already dealing with an increasing supply, so the weakened demand is worrisome for home developers.

CIMB's forecast includes a 10-15 percent decrease in property prices until 2016, and given upgraders' increased price sensitivity, CIMB also expects sophisticated developments to be affected to a higher degree. As these developments are likely to face extension charges in 2016, buyers are motivated to delay purchasing residential property and await a drop in prices as developers clear inventories.

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