Singapore facing potential real estate crisis

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Though Singapore has been experiencing rapid growth in the past few years, especially in the real estate industry, analysts are concerned that a group of developing factors might form a “perfect storm” and crash the market in about 2014.  These factors include higher interest rates, falling demand, and increasing supply.  About 85% more residential units will go on sale in 2014 over the previous two years, so it is feared the market will become over saturated.

Interest rates in Singapore are currently relatively low, but are set to increase, which could scare potential buyers from the market.  The government is also considering a tightening of immigration rules, and with 16% of buyers coming from out of the country, there could be an effect on the housing industry.  With all these factors at play, analysts are keeping a sharp eye on the real estate market in Singapore.

 

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Reading Time: 1 minute

Though Singapore has been experiencing rapid growth in the past few years, especially in the real estate industry, analysts are concerned that a group of developing factors might form a “perfect storm” and crash the market in about 2014.  These factors include higher interest rates, falling demand, and increasing supply.  About 85% more residential units will go on sale in 2014 over the previous two years, so it is feared the market will become over saturated.

Reading Time: 1 minute

Though Singapore has been experiencing rapid growth in the past few years, especially in the real estate industry, analysts are concerned that a group of developing factors might form a “perfect storm” and crash the market in about 2014.  These factors include higher interest rates, falling demand, and increasing supply.  About 85% more residential units will go on sale in 2014 over the previous two years, so it is feared the market will become over saturated.

Interest rates in Singapore are currently relatively low, but are set to increase, which could scare potential buyers from the market.  The government is also considering a tightening of immigration rules, and with 16% of buyers coming from out of the country, there could be an effect on the housing industry.  With all these factors at play, analysts are keeping a sharp eye on the real estate market in Singapore.

 

Do you like this post?
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