Property facing demand-supply mismatch but observers see limited price downside
Commentators say price cuts will be moderate, with more buyers expecting stable or only slight falls in prices; demand from en bloc millionaires to stay resilient
Add BT as a preferred source
Singapore
WHILE the current situation of high supply and subdued demand in the property market may be challenging, observers say that the downside may be limited as private home prices look towards stabilisation.
Cooling measures introduced in July last year have "remained a restraining factor" for both foreign and local buyers, said Chia Ngiang Hong, president of the Real Estate Developers' Association of Singapore (Redas).
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
