27 Nov '15, 9am

#Singapore's property market stuffed until at least 2019 - #CreditSuisse #PropertyNews https://t.co/WmgiORbVIC

Comment E-mail to friend Bookmark & Share Oversupply in Singapore’s residential market is expected to persist well into 2019 as the average net demand of 17,841 units over 2015-2019 remains below the average net supply of 40,990 units, revealed a Credit Suisse report. This is expected to downward pressure on rents, occupancies and capital values, leading to price declines of between five and 10 percent by end-2016, with a relative preference for the high-end market segment. “Arguably, such an outcome could then lay the stage for an easing of cooling measures later in the year,” it said. Credit Suisse said it believes it’s time for an easing of some of the cooling measures, considering that the “intent of these measures has been achieved,” adding that “speculative activities have fallen, foreign demand has been curbed, and income growth has now outpaced home prices.” “Again...

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

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