Signs of a property slowdown?
5 April 2008
No CommentSigns of a property slowdown?
Buyers seem to be gaining ground again in the private homes market but consultants say it’s far from crashing yet
Sale volumes and interest have fizzled out just as quickly as the market surged last year. – ST PHOTO: JOYCE FANG
AFTER rocketing to dizzying heights last year, the private homes market has stalled because of the global credit crunch – an external factor that took the market by surprise.
The withdrawal of the deferred payment scheme last year has also dampened demand somewhat.
Sale volumes and interest have fizzled out just as quickly as the market surged last year.
While many players hang on to the notion that strong fundamentals – low interest rates, for instance – will support the market, sentiment has fast melted away.
Is the property market slowing to a crawl? We examine the mounting evidence.
Singapore Property – Buy, Sell, Rent and Invest
Jerry Hansin (+65)9027 5537
email: jerry@assetomgt.com
website: www.assetomgt.com
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