29 May '16, 4am

The race to the bottom continues! #Singapore property market closer to bottom than #HK #propertynews

Property analysts believe that Singapore’s housing market is bottoming out. LaSalle Investment Management believes that Singapore’s real estate market could reach its lowest level sooner than Hong Kong, reported Bloomberg . Government officials in both cities have imposed a series of property cooling measures to rein in spiralling residential prices in two of Asia’s most expensive housing markets. As a result, home sales in both cities have plummeted and residential prices have been trending downwards amid weaker economic growth. Despite their similar situation, LaSalle’s Chris Chow thinks that Hong Kong and Singapore are at slightly different points in the property investment cycle. This is because Hong Kong’s property curbs have only recently started to bite, as shown by the extent of price corrections, even though the measures were implemented a few years ago. In Hong K...

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

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