10 Nov '16, 3pm

Singapore #Property Update

In an interview with CNBC, property analyst Brandon Morgan of JP Morgan stated that compared to other major cities properties in the Singapore luxury property sector ‘are now cheap’. Since 2011 there has been a 15% to 25% decrease in luxury home prices leading to a prime opportunity market for high net worth investors, ‘Luxury housing in London, Hong Kong and New York was changing hands at prices as much as 165 percent higher than in Singapore.’ He also noted that funds from private equity and global property investors were making ‘block deals’ in purchasing multiple luxury apartments with some deals offering discounts.

Full article: http://www.thewealthscene.com/property-news/singapore-pro...

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