JP Morgan recently came out with a Singapore Property sector report which I like to share some of the key salient points with everyone. You can find the PDF report at the end of this article.
Following that, I will like to also share an article from Stuart Chng on whether to buy or not to buy a property during this period.
RESIDENTIAL PRICES COULD FALL BY 10% OVER THE NEXT TWO YEARS
In that report, it was highlighted that residential prices are expected to fall by 10% over the next two years due to the current recession. However, the fall in prices will not be as drastic as past property downturns such as those witnessed during the Asian Financial Crisis and Dotcom bust due to three factors: 1. Median household income has been on the rise, 2. The upcoming supply is not as significant and 3. Potential for policy relaxation....