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Resilient Singapore residential prices could finally weaken in 2013: UBS

Singapore Business Review

Learn why prices will be seriously under pressure.

According to its Asia Outlook 2013 research report, UBS noted that a combination of new residential property supply, lower population, more cooling measures will work together to push down residential prices.

"Despite Singapore's new property-cooling measures, private residential prices have remained resilient due to low mortgage rates. However, going into 2013, we expect the residential property supply to ramp up significantly. This, coupled with the slowdown in Singapore's population growth due to tighter immigration policies, could pose some headwinds to residential prices," said UBS.

"In addition, the government may introduce further cooling measures if residential prices edge up again. Thus, we remain cautious on Singapore's residential property market," it added.

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