26 Jun '14, 10am

Private home prices 'may fall up to 20%', Singapore Property News, Singapore Property Guides

Artists' impressions of the 944-unit Coco Palms (above) in Pasir Ris, which moved 590 units last month at a median price of $1,018 psf, and the 1,042-unit Marina One in Marina Bay, a new project which is likely to go on sale at above $1,500 psf, given it PRIVATE home prices are expected to keep falling this year but analysts say a crash is unlikely. OCBC Investment Research forecast yesterday that values could dip 10 to 20 per cent from the start of this year to the end of next year. It warned that mass-market homes could take a bigger hit than the middle and high-end segments but added that the price slide would probably not exceed 20 per cent despite possible oversupply and an expected interest rate increase. Likewise, Maybank Kim Eng said earlier this month that it expects a price drop of 10 to 15 per cent from now until the end of next year. Both research houses estima...

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

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