22 May '14, 11am

Why prices will not crash: CIMB.

May 22, 2014 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singapore property prices are likely to decline - but not crash - by between 10 percent to 15 percent according to CIMB's latest Cost of Living survey, published today. Answering the question "Will my home price crash?" the report noted that government policy and buyers’ expectations are reasons for a weak residential property market, not unaffordable property prices. CIMB said that property buyers are the clear winners in this cycle, with healthy household balance sheets and time on their side. Developers that took the initiative to court buyers with lower prices, have achieved healthy take-up rates thus far. This should bring on a gradual property price decline, not a crash. We expect a 10-15 percent correction over 2014-15. “This is clearly a buyers’ market, with time and money on their side. B...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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