Trade tariffs may remove Fomo among new condo buyers, open the way to relax ABSD

[SINGAPORE] Generally, private homes here are seen as good long-term investments. Key drivers of capital appreciation include Singapore’s ability to transform its economy, steady increase in housing supply, policies that support a stable market, good urban planning, constant public infrastructure upgrading, the city’s attractiveness to the wealthy and political stability.

Moreover, many people aspire to own private homes here and the desire for high-quality abodes is seen to remain intact regardless of technological changes that could disrupt other property asset types.

Still, while the long-term outlook for private homes is positive, the US hiking trade tariffs and the US-China trade war can hurt the new condo market.