Analysts see 'balanced fundamentals' in Singapore's private property market
Real demand driving the market; however there are other factors at play behind the buoyant demand
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PRIVATE home prices in Singapore have increased just slightly over the last two years and the city-state is not at risk of a housing bubble, a recent report by UBS showed. Industry watchers agree that Singapore's private residential market has "balanced fundamentals" - as the report suggests - and note that there are other factors besides low interest rates that may have supported the resilient demand seen in recent months.
Singapore's score in the annual UBS Global Real Estate Bubble Index score remains virtually unchanged from that of last year, indicating that the market is in "fair-valued territory", UBS said in its latest report.
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