25 Sep '15, 9am

Singapore’s property market favouring tenants. Full story: #Singapore #Property

Mr Lock Wai Han, Chief Executive of real estate and investment firm Rowsley believes that concerns regarding an oversupply in Iskandar’s property market are “a bit overblown”. Mr Lock who spoke to TODAY, added that investors have been alarmed by news of thousands of housing units by Chinese developers in the pipeline. The alarmed investors do not understand that these housing units require time to enter the market. Mr Lock mentioned that “[developers] have to reclaim the sea, let the land settle ... so this will be phased out over a longer period of time, but I think that kind of messaging has not been conveyed to the market. So when the market hears that kind of numbers, it’s a bit spooked”.

Full article: http://www.iproperty.com.sg/news/10706/Week-in-Review---2...

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