Latest data from Singapore shows that demand for new residential properties has fallen in June 2012 for the second consecutive month. Sales volume for private residential units went down by 20 per cent.
With slowing growth in China and India, all eyes are now on the emerging Southeast Asian economies which are showing resilience not only towards these two large trading partners, but also towards the EU debt crisis.
Taking a look at the recent Asia Pacific GDP growth statistics you could be forgiven for thinking that there are storm clouds on the horizon. All the major countries in the region have had their GDP forecasts revised downwards.
The common question arising among all ASEAN member countries is how to become well integrated to be able to enjoy benefits from each other and, at the same time, to avoid harming or exploiting local markets.
Singapore has experienced a shift in capital over the past five years, with more money flowing into non-residential strata properties as investors start to view them as an alternative to residential properties.