By Mr. Propwise

Ah, how quickly the year has flown by. It’s that time of the year again, where I dust off my crystal ball and peer into it, then stick my neck out and try to say something intelligent about the future direction of the property market.

2013 was certainly an interesting year, where despite the predictions of lots of analysts and gurus (and I’m guilty too), the residential property market managed to shrug off seven rounds of cooling measures, a property tax hike and the MAS’ Total Debt Servicing Ratio to register positive gains – the URA Property Price Index (PPI) is up 2.0% in the first three quarters of 2013.

Property market at an inflection point?

But looking at monthly property indices suggests that the Fourth Quarter of 2013 could see a reversal into negative price growth, although likely by a small magnitude. There are several ...