27 Jan '14, 10am

The Straits Times: S'pore's housing market is slowing down on all fronts. Read more here

EVIDENCE is mounting quickly that Singapore's housing market is slowing down on all fronts. Prices of both private and public housing recorded sharper than expected fourth quarter declines, data released yesterday showed, with Housing Board (HDB ) resale flat prices marking their first annual decline since 2005. Cooling measures and stricter home loan rules are biting deeper, property analysts said. Prices of HDB flats fell more than for private homes in the fourth quarter. On the private home front, the fall was the first quarterly drop in about two years, while rents slid for the first time since 2009. Experts do not expect a turnaround this year, given a looming flood of new homes, an uncertain global economy and the continued impact of property measures. "The market will be expected to come off a bit, because everyone is waiting for prices to fall," said property consu...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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