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Private home, industrial space markets feeling squeeze from double whammy

They're sandwiched between rising supply and cooling demand; office rent recovery appears to be in place

Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Jan 24, 2014 · 10:00 PM
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Singapore

OFFICIAL statistics show that the private residential property and factory space markets have turned under the weight of supply on the one hand, and property cooling measures and the total debt servicing ratio (TDSR) framework on the other.

However, a gradual rent recovery appears to be in place for the office market.

Nearly all indicators in the Urban Redevelopment Authority's (URA) fourth-quarter 2013 figures for the private housing market point towards weakening.

The overall private home price index dipped 0.9 per cent in Q4 from the preceding…

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