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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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