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It’s now 8 dismal quarters for Singapore property investment

Posted by Property Launch Invest on Thursday, 01 October 2015 in Property News

The Singaporean property market has just experienced its eighth consecutive quarterly loss – and it’s getting worse for investors.

Summary:

Investors are looking at Singaporean property’s longest losing streak in over 13 years
A 1.3% quarterly fall could lead to annual loses of 4.5% this year
Investors are now starting to look in other regional property markets as vacancy rates rise and economic sentiment worsens

The Singapore property market is now on its longest losing streak in 13 years.

Investors have been paying close attention to prices in Asia’s second-most expensive real estate market, either looking for an opportunity to secure assets or signs of the right time to sell following a decade of strong gains.

However, it’s been a painful process. Ordinarily in a downturn, investors may want to enter the market as it bottoms out and enjoy sustained growth as prices begin to rise in the subsequent phase of the investment cycle.

In Singapore, the slide has been ongoing for eight quarters now and government cooling measures are resulting in a slow sustained decline. The decline could start to expedite now, but there is no end in sight. The latest figures from the Urban Redevelopment Authority reveal a 1.3% fall in the three months to October.

The pace of this quarterly drop may now persuade Southeast Asian investors to look elsewhere in their search for portfolio realty.

Nicholas Mak, Executive Director at SLP International Property Consultants in Singapore, explained: “The key reason for the sharp drop is the cooling measures. The global economic uncertainty and impending slowdown in the Chinese economy may also have slowed demand as Chinese buyers were the more active buyers in Singapore.”

Last month Augustine Tan, President of the Real Estate Developers’ Association of Singapore, warned that with deteriorating economic sentiment, a worsening supply‐demand imbalance and a rising vacancy rates, property prices could start to crash.

Property Launch Invest

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PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

It’s now 8 dismal quarters for Singapore property investment

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