Is Singapore property market at a turning point?
Nonetheless, sales results in March this year suggest the market may be at a turning point. Here are some signs as to why that may be:
One Tree Hill Gardens for S$65m in first en bloc deal this year
The first collective sale in 2017, Lum Chang Holdings Limited is acquiring One Tree Hill Gardens for S$65 million, below the owners’ asking price of S$72.8 million
Industrial property continue to slide in Q1: JTC
Singapore’s industrial space prices, rents, occupancies continued to fall in tandem with occupancy rates in the first quarter of 2017. The price and rental indices for the overall industrial property market fell by
Potential Upswing of Singapore Property Market
Is Singapore’s property market headed for a quick upswing? After a long, plodding downtrend, Singapore’s housing market may be gathering forces for a rebound. Sigrid Zialcita, managing director for Asia Pacific research at Cushman & Wakefield, told CNBC’s “The Rundown” last week that she expected a turning point in prices “very soon.”
Property prices to double
Singapore’s property prices to double by 2030: Morgan Stanley Morgan Stanley forecast Singapore home prices should begin to rise in 2018. The bank expected Singapore home prices would double by 2030. It anticipated a larger number of single-person households would drive home sales.