02 Apr '15, 7am

Singapore investment property picture darkens via @filtr8 #LiveNH #TheRealLook

Singapore investment property picture darkens via @filtr8 #LiveNH #TheRealLook

Singapore's property prices may have largely defied doomsday predictions for a crash, but investors appear reluctant to step back into the market anytime soon. "Singaporeans continue to see property as a key investment," Sean Tan, a general manager for Singapore at iProperty.com , said in a statement with the results of the real estate website's market sentiment survey. But while 29 percent cited rental income as a reason to buy, analysts are concerned about whether tenants and rents may be drying up. Read More Is a test of Singapore's property market nigh? "It has become increasingly difficult to rent out units as the increased completions and slower influx of foreigners is resulting in rising vacancies," analysts at UOB-KayHian said in a note Monday, citing an 8.5 percent vacancy rate for condo and apartment units. Based on government data, the vacancy rate was around 7....

Full article: http://www.cnbc.com/id/102555507

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