26 Sep '14, 5am

#singapore #property S’pore property outlook challenging until 2020: report: What does the fu... @valuepropertysg

Comment E-mail to friend Bookmark & Share What does the future hold for Singapore’s property market? According to a recent Savills report, the outlook remains challenging for the rest of 2014, and this is expected to continue over the next six years. The report looked at how 12 world cities would perform in 2020 and gave a tough assessment of Singapore. Although the office sector is still robust with rents increasing by 7.3 percent in the first six months of 2014, the residential market has slowed with values and rents dropping by 4.2 percent and 3.5 percent respectively during the period. This is due to the government’s cooling measures which are continuing to put pressure on the city-state’s prime residential market. Savills added: “Market controls are set to be a feature of Singapore over the coming years as it battles market affordability in a bid to remain competitive...

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

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