Further correction in Singapore property prices could come: JLL
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
RECENT declines in the Singapore stock market could signal a further correction in property prices in the coming quarters, said investment management firm JLL on Wednesday.
Said Chua Yang Liang, JLL's head of research, South-east Asia: "Looking back into the past, the residential market for example, corrected by 4 to 6 per cent a quarter in some instances. Should the market lose footing, it is not impossible to expect a recessionary correction of this magnitude.
"If this scenario pans out and threatens the stability of the property market and wider economy, it may prompt the government to revisit its property cooling measures and other macro-economic policies including economic stimulus packages."
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
