08 Feb '18, 10am

Property: buyers in Asia perceive Singapore as a safe haven

Property: buyers in Asia perceive Singapore as a safe haven

“For 2018, we expect prices in the private residential market to rise 12 to 15 per cent year on year,” says Alan Cheong, head of research at Savills Singapore. In his view, affordable homes and available credit never went away. Falling demand, he argues, was “behavioural in nature”, with doubt sown by the government affecting buyer sentiment. Even throughout 15 straight quarters of decline, “the Urban Redevelopment Authority’s private property price index fell just 11.6 per cent”, says Mr Cheong. “On the ground, some even felt that for new launches, prices hardly budged from 2013 levels.”

Full article: https://propertylistings.ft.com/propertynews/singapore/52...

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