URA released its Q3 2012 real estate statistics and the property market here continues to be hot! The announcement is here.

If you look at the chart above, i think we can see a “bubble” forming in the industrial zone! Due to the series of cooling measures aimed at the residential market, property investors and speculators are piling into the industrial office arena! Many developers are offering “shoebox” industrial space to feed the appetite of these investors! This is really unhealthy and unsustainable. You can see the prices of industrial factory on a steep upward climb! If this continues unabated, i think investors who speculate in such property types will be burnt eventually.  The only good ‘sign’ is that prices of office and shop units continue to remain stable. As for our residential property, it looked like it is going to resume its uptrend! Let’s take a more detailed look …
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