Singapore analysts consider the recent increase of sales in new home as double-edged sword for property investors, as it makes the cooling measures of property more unlikely to ease, according to Singapore Business Review report.
Notably, RHB considers the Singapore government may need a more cautious approach on the possible removal of any property curbs, after seeing the strong demand at some existing and new projects as prices were adjusted.
Property price index of Urban Redevelopment Authority (URA) show that prices of Singapore Property have only dropped by 9% since its peak during third quarter of 2013.
Some of upcoming Singapore Property includes 99-years leasehold Victoria Park Villas and Gramercy Park by City Development Limited (CDL).
Furthermore, prices of current properties are still 48% higher than during the Global Financial Crisis in year 2009.
Written by Siang Teck of Property Review. I can be contacted at [email protected]
