28 Jul '15, 4am

5 Reasons Why It’s Still a Terrible Time to Buy Singapore Property (Via @YahooSG) #Singapour

By Gerald Tay (guest contributor) Tempted to buy a property due to the falling prices? Think again. In this article I will go through five reasons why I think it’s still a terrible time to buy Singapore property. 1. Property prices are still high for mass market homes Since Q1 2009, prices in the Core Central Region (CCR) have risen 30 percent, 42 percent in the Rest of Central Region (RCR), and 60 percent in the Outside Central Region (OCR). Since the peak in Q3 2013, prices of mass market homes have fallen a measly 5.5 percent. Properties in the OCR are still overpriced. Mass-market home prices haven’t dropped as much as those for luxury housing. Rental incomes are falling and vacancy rates are rising. A huge oversupply is looming on the horizon. The bottom is still far from sight even though vested players claim it will happen in the next three to six months. While new ...

Full article: https://sg.news.yahoo.com/5-reasons-why-still-terrible-ti...

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