14 Apr '11, 9pm

www.googlyfish.sg Foreigners the next catalyst for private home market?

Property market cooling measures have been the recurring and persistent market risk across Asia over the past few months. Singapore is no exception. Since the introduction of a new set of measures in January, sales volume has slowed and the pace of increase in overall private residential property prices has moderated. The flash estimate of the Urban Redevelopment Authority's (URA) private residential property price index showed a 2.1-per-cent quarter-on-quarter increase, the sixth consecutive quarter of slower growth rate. The NUS Singapore Residential Property Price Index, which measures prices of completed residential properties, showed a marginal 0.4 per cent month-on-month decline in February. However, market opinion remains divided over whether the current period of softness in volume and pricing is a sign of a broader downward trend or a temporary respite from runawa...

Full article: http://www.todayonline.com/Commentary/EDC110415-0000339/F...

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