09 Aug '17, 1am

Is it a good time to buy property in Singapore?

Is it a good time to buy property in Singapore?

Briton Anthony Couse moved to Singapore from Shanghai in April last year following his appointment as JLL CEO of Asia Pacific. “I’m your perfect example of a foreigner,” says the 51-year-old. “I’d love to buy a home in Singapore because I think, market-wise, it’s a good time.” Singapore saw its overall private home index fall 0.1% in 2Q2017 for the 15th consecutive quarter, according to URA data. However, it was the smallest quarterly decline to date, “an indication that the index is closer to the bottom”, according to Ong Teck Hui, JLL’s national director of research and consultancy. In 2Q2017, the total number of private homes sold in both the primary and secondary markets was 6,905 units, the highest quarterly sales figure since 2Q2013, when 6,945 units were transacted before the total debt servicing ratio framework was imposed. ‘Not a boom yet’ While the residential ma...

Full article: https://www.theedgeproperty.com.my/content/1187303/it-goo...

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