26 Dec '17, 11pm

Market optimistic despite government’s warnings https://t.co/O1ljBcwhtL

The government has recently cautioned against an over-confidence in a real estate market rebound. Particularly in response to rising land bids and strengthening sales. Nim Collection Sellers, developers, and investors remain optimistic about 2018 Developers, sellers, and investors, however, remain optimistic about the journey ahead, despite caution from the authorities. The government has recently expressed concern about the property market ‘s sudden acceleration, cautioning market players about a possible fall in 2 to 3 years’ time. Aggressive land bids and rising apartment sales have prompted this warning. Property prices rose quarterly this year, the first in 4 years. But investors, both local and foreign have waited long enough for the market shift to their favour and are ready to take the plunge, however deep. In comparison with other major property markets in the reg...

Full article: https://www.iproperty.com.sg/news/market-optimistic-despi...

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