23 Jul '14, 9am

Sell, sell! #Singapore property outlook getting bleaker. #NUS-REDAS

Developers have become more bearish on the property market’s outlook in the next six months, according to Future Sentiment Index by the National University of Singapore (NUS) and the Real Estate Developers’ Association of Singapore (REDAS) in media reports. The index dipped to 3.4 in Q2 from 3.9 in the previous quarter. A score below five indicates worsening market conditions, while scores above that suggests improving market confidence. In particular, 75.4 percent of the property firms surveyed are worried about rising inflation/interest rates. For 63.1 percent of the respondents, the next top concern is the cost of construction, followed by a glut in new launches and a global economic slowdown, which was stated by 53.8 percent of the developers. Despite the bleaker views, 31.7 percent of the respondents are eyeing a relatively higher number of residential launches in the...

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

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