28 Dec '15, 4pm

New: Mr. Propwise’s 2016 Singapore Property Market Outlook https://t.co/zpuRzzmubL

New: Mr. Propwise’s 2016 Singapore Property Market Outlook https://t.co/zpuRzzmubL

Is it just me or is the passing of time accelerating as we get older? I can’t believe 2015 is almost done! It’s that time of the year where I take a look back at what’s happened over the past twelve months, then try and say something intelligent about the future direction of the property market over the next year. As always, 2015 was an interesting year for the property market. I’d sum it up as “the continuation of death by a thousand cuts .” After a 4% decline in the URA’s Property Price Index (PPI) in 2014, as of 2015Q3 we’ve seen another 3.2% decline in 2015 so far. This averages out to about a 1% decline per quarter over eight quarters. Contrast this to the 2008Q3 to 2009Q2 period where we saw a 24.9% decline over four quarters. The current period is more reminiscent of the 2000Q3 to 2004Q1 period where the market fell by an average of 1.5% per quarter over 15 quarters...

Full article: https://www.propwise.sg/mr-propwises-2016-singapore-prope...

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