28 Jan '14, 5am

Resale prices continue to drop, BUYERS time to re-enter resale market to find your homes.

Resale prices continue to drop, BUYERS time to re-enter resale market to find your homes.

RESIDENTIAL property prices in Singapore could fall up to 10 per cent across the board this year, an industry expert said. Mass market homes could be the hardest hit, with price dives of up to 15 per cent, said Ms Carmen Lee, research head of OCBC Investment Research. "We see a bit more vulnerability from the mass market segment this year, partly because we believe that the high-end (sector) already corrected more in 2013, hence it could see a slower rate of decline this year," said Ms Lee at an OCBC press briefing yesterday on the outlook for Singapore. The property sector here is facing a triple whammy: property cooling measures that continue to bite, sizeable new supply coming onstream and looming higher interest rates following the start of the United States Federal Reserve's tapering exercise. OCBC Investment Research anticipates that some 50,000, 49,700 and 73,600 ho...

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

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