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
Singapore
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.
"Overall, the market still looks balanced in terms of demand and supply over the medium term. The number of households jumped from the previo…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses