Monday 22 January 2018

FOREIGN demand is expected to return to the Singapore residential property market this year.

According to an recent article in The Business Times (22nd Jan 2018) - it was noted that Bank of Singapore (BOS) believes that FOREIGN demand is expected to return to the Singapore residential property market this year.
This was explained through several reasons as of following;
  • Price recovery (The Singapore housing sector has recently rebounded after home prices fell 12 per cent from the last peak in 2013)
  • Better leasing environment (due to lower supply of residential in the market in 2018-2020 where vacancy are expected to drop and drive a rebound in rentals)
  • Home prices have fallen to a sweet spot after four years of decline to render the market more affordable compared to other global cities
  • Tightening of residential buying regulations in other countries

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