29 Jul '15, 4am

#singapore #property Slight improvement in property sentiment: survey: Although market

Comment E-mail to friend Bookmark & Share Although market sentiment for the real estate sector remained weak, the sentiment index improved slightly from 3.8 in Q1 2015 to 3.9 in Q2 2015, revealed the latest survey by the National University of Singapore (NUS) and the Real Estate Developers’ Association of Singapore (REDAS). A score of more than five indicates improving market conditions, while a score of less than five indicates deteriorating conditions. The worst performing real estate sectors were the prime retail and residential sectors, while the best performing was the business park/hi-tech space sector, reported Channel NewsAsia. Meanwhile, the Future Sentiment Index – which measures market sentiment for the next six months – climbed from 3.7 percent during the previous quarter to 4.0. The NUS-REDAS survey also showed that property developers are unlikely to hold bac...

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

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