![]() Powered by a rise in offshoring, leasing numbers for offices remain robust at 37 million square feet a year. In the forthcoming Budget, they’d like the government to increase the tax incentives on affordable housing and reduce the goods and services tax (GST) on under-construction property and cement.Īs they wait for demand to revive, their counterparts who construct offices or invest in warehouses or set up co-living facilities face a far kinder market. While developers have latched on to a few green shoots, they’ll also admit that a broad-based revival is nowhere on the horizon. A revival both in sentiment and demand is eagerly awaited. ![]() After half a decade of slow demand for residential properties, could 2019 be the year the tide turns? With 80 percent of the market residential, that’s the number one question being asked.
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