Experts look into the crystal ball to give their outlook on the Singapore property market.
“With the cooling measures, buyers have become more cautious and quantum sensitive. Notwithstanding, sellers are not compelled to sell at a discount, especially if they have the financial means to hold out for a better deal…
“Separately, interest rate hikes are unlikely to affect sales nor prices at this point due to the low base, as buyers have been more constrained by the tighter loan-to-value ratios and higher ABSD payable. Moving forward, there is still strong underlying demand for real estate and we expect newly launched projects to move, albeit at a slower rate. Accordingly, prices are likely to stay flat given current market conditions.”
– Dr Lee Nai Jia, Senior Director and Head of Research, Knight Frank Singapore
– January 30, 2019