Property cooling measures to ‘stay for a while’ with Singapore market buoyant: UOB
Underlying demand drivers include rising income and household formation, says the bank’s head of research
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[SINGAPORE] Property cooling measures in Singapore are expected to remain in place for the foreseeable future as key demand drivers continue to support the housing market, said UOB head of research Suan Teck Kin.
Speaking at the Rics-Redas Conference 2025 on Thursday (Oct 16), he pointed to the strong correlation between the property price index and the size of the Singapore economy.
He noted that Singapore’s private-property market recorded its eighth consecutive year of expansion last year, though annual price growth has moderated. The overall price index increased 3.9 per cent in 2024, down from 6.8 per cent in 2023, 8.6 per cent in 2022, and 10.6 per cent in 2021.
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