SOME analysts are warning of the rising risk of a property market correction in the next two years owing to global macroeconomic trends and a possible oversupply of homes in Singapore.
However, others argue that any decline in property prices is unlikely to be large, because of soaring land bid prices and keen interest from foreign investors.
Expected higher interest rates could coincide with a big rise in housing supply over next year to 2015, said Barclays economist Joey Chew in a note on Thursday. "A macroeconomic shock or a policy misstep could also trigger a market correction."