Posted on August 27, 2009 - by kevinscully

What is happening in the Singapore property market ??

Photo by «Gaurav»

…to some it seems like irrational exuberance to others there is real demand……I learn from an expert last weekend

I was a panelist last Saturday’s InvestFair – Is the worse over ? In my panel were David Cohen of Action Economics, Mohamed Ismail of PropNex, Andrew Robinson of Saxo Capital and Gabriel Yap of DMG. I wont go into the details of the panel discussion but want to share Mohamed’s views on the property sector in Singapore which I found enlightening. Prior to the session, I was in the group that felt that the discussions were irrantional exuberance.

Mohamed started his comments with the words “BUY”, “BUY” – “BUY !” He felt the demand would continue until the end of 2009 before it would plateau. He however cautioned about “mickey mouse units”, ie where developers had priced the units high on a psf basis but made the units smaller so that the abosolute price per unit was still affordable. Read more…

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1. New measures to ensure a stable and sustainable property market might cool interest in property stocks for a while…
2. Is Property in Singapore Affordable?
3. Trend Watch: Singapore Market still looking for that correction