Property
Singapore Property Bubble: Will it Burst?
By InvestAsian  •  May 22, 2015

Real estate prices in Southeast Asia’s financial center have plummeted since the beginning of 2015. Analysts are now worried the Singapore property bubble could burst soon.

Singapore property market has underperformed since February of 2015. Home sales fell by a whopping 48% compared to 2014. Meanwhile, residential prices fell by 4% in 2014. This was while home values in neighboring ASEAN countries boomed.

Christine Li, Director of Cushman & Wakefield’s Singapore branch, expects poor performance in the future. “I think the decline will continue as long as cooling measures are in place.”

“I expect the full year decline for the high-end market to be in the range of 5% to 8%, as most owners still have deep pockets who are able to hold it out,” she explained.

 

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By InvestAsian
I’ve spent half of my life living and investing in Asia. Graduating from one of the region’s top universities, I learned several languages, bought more than a dozen properties, and started a successful property fund by the time I reached my mid-20s ...
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