Based on the latest URA private property price index (PPPI) flash estimates, we know that the PPPI, which represents the overall real estate price trend, has dipped in 2013Q4. This is the first dip the market has seen in the last 2 years.
At present, there are numerous views that the real estate market will stay stagnant for some time. I agree and here are 4 reasons why we think 2014, and maybe even 2015, could be a turbulent year for stakeholders of the Singapore property market.