Advertisement
Singapore markets close in 1 hour 9 minutes

  • Straits Times Index

    3,284.52
    -8.61 (-0.26%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,270.07
    +68.80 (+0.40%)
     

  • FTSE 100

    8,078.98
    +38.60 (+0.48%)
     

  • Bitcoin USD

    63,990.88
    -2,625.05 (-3.94%)
     

  • CMC Crypto 200

    1,388.89
    +6.32 (+0.46%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,334.90
    -3.50 (-0.15%)
     

  • Crude Oil

    82.99
    +0.18 (+0.22%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,569.03
    -2.45 (-0.16%)
     

  • Jakarta Composite Index

    7,156.58
    -17.96 (-0.25%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

60% Of Developers In Singapore Foresee Drop In Residential Property Prices

Fizah Hatman
Updated

This article was originally on GET.com at: 60% Of Developers In Singapore Foresee Drop In Residential Property Prices

The overall property market in Singapore is still in the doldrums with these three sectors getting the most hit - office, suburban residential and prime retail sectors.

According to the NUS-Redas Real Estate Sentiment Index survey, 90.6% of the respondents mentioned that the biggest risk to the Singapore property market is the slowdown in the global economy.

75% also thought that the rising inflation and interest rates will affect market sentiment in the next six months.

The surplus of new properties being launched for the rest of the year will also put pressure on the property market.

ADVERTISEMENT

60.7% of the developers foresee a slight decrease in residential property prices in the next six months, while 32.8% expect prices to remain steady.

Despite both the Current Sentiment Index and Future Sentiment Index remaining weak, the numbers have increased from 3.6 and 3.4 in Q3 2015 to 3.9 and 3.6 in Q4 2015 respectively.

Only when the numbers hit above five, will there be a glimmer that indicates an improvement in conditions.

Keen To Buy A Property?

If you’re looking into buying a property, now might be a good window period seeing that there has been a slash in condo prices recently.

Have you been looking for a home loan that suits you? It pays to use a home loan comparison site like GET.com to help you make an informed decision.

Or if you’ve been considering to refinance your home loan, then you should check out these 4 things you should consider when comparing home loans.

What do you think? Share your comments with us below!

GET.com Singapore is Singapore's lifestyle and personal finance website. We help you GET more for your money - food, travel, home loans, credit cards, shopping - everything!

Like GET.com on Facebook and sign up to get the HOTTEST stories delivered to your inbox!

For serious stuff, you can compare home loans, personal loans and credit cards at GET.com.

Our free GETdeals™ App helps you get the best credit card discounts near you for dining, shopping, lifestyle and more. Download it today!

Other Articles You May Like From GET.com