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Singapore home prices may be poised to plunge

Posted on 29 November 2011

If you’ve been waiting for a chance to purchase a property in Singapore, maybe you should wait some more. The city-state’s red-hot residential real estate market could be poised to plummet 20% to 30% over the next three years – at least according to some analysts, who say demand is dampening just as a flood of new flats is hitting the market.
“We now expect a multi-year downturn in the residential market, with overall private home prices falling by 22% to 26%,” by the end of 2014 said David Lum, an analyst for Daiwa Capital Markets, in a recent report………………………………………..Full Article: Source


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