27 Oct '17, 4am

Developers worry upturn in Singapore property market may trigger more cooling measures | Singapore Property News

Developers worry upturn in Singapore property market may trigger more cooling measures | Singapore Property News

Developers have grown more optimistic about the current and future state of the Singapore property market, but worry about the Government introducing more cooling measures. The Real Estate Sentiment Index (Resi), jointly developed by the Real Estate Developers' Association of Singapore (Redas) and the Department of Real Estate at the National University of Singapore, had a composite reading of 6.6 in the third quarter, from 6.1 in the second. The composite index gives an overall indicator of sentiment. The current sentiment index increased to 6.5 in the third quarter from 6.1 in the second quarter, while the future sentiment index increased to 6.7 in the third quarter from 6.2 in the second. "The high sentiment scores indicate a robust and broad-based recovery especially in the residential and office property markets," said Associate Professor Sing Tien Foo of NUS' Departm...

Full article: https://www.srx.com.sg/singapore-property-news/42082/deve...

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