28 Nov '11, 7am

Crise de l'immobilier en vue à Singapour #Singapour #Immobilier

Nov 28, 2011 - PropertyGuru.com.sg Share | | Comment | E-mail to friend | Bookmark & Share Singapore’s property sector may soon face difficult times, as Standard Chartered Bank’s latest report has stated a bearish outlook for the market. According to the bank’s analysts, prices and rents of residential properties in Singapore will drop by 30 percent over the next three years. This will be quite a setback, given that prices rose 18 percent in 2010, as Singapore recovered strongly from the global financial crisis. Prices soared a further six percent in the first three quarters of this year. In addition, the bank expects some problems ahead, such as the unprecedented supply of completed homes coming on-stream and slower population growth due to stricter immigration policies. “We expect lower population growth and high completions to induce a 20-30 percent decline in home pric...

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

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