02 Dec '11, 7am

Long term optimism

Long term optimism

By Karamjit Singh tabla! Friday, Dec 02, 2011 AS 2011 draws to a close, Singapore's residential property market has surprised market-watchers with its resilience despite a tough set of market-cooling measures being imposed in January and an uncertain outlook arising from the financial market turmoil. The short-term concern is whether the residential market would eventually correct and how severe that might be. We have seen enough of ups and downs in the property market cycle not to get overly excited as these are part and parcel of short-term market behaviour. Of greater interest would be a longer term view of the residential market... especially what this decade might herald for buyers and sellers. 2001 to 2010: Housing supply lagged demand To look into the future, we would have to look back into the last decade. Between 2000 and 2010, our population grew 26 per cent (fro...

Full article: http://www.asiaone.com/News/AsiaOne%2BNews/Singapore/Stor...

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