This is some blog description about this site
Analysts weigh in on whether the conditions are ripe for a housing bubble or not.
Half a decade has passed since Singapore’s last housing bubble in 2010-2013. In 2017, the property market was abuzz due to record-high bids for properties that weren’t witnessed in years. As prices are expected to trend even higher this year due to higher land cost, stronger economic growth, and higher housing demand, many may wonder if a housing bubble is forming now.
SINGAPORE - Private property prices in Singapore could fall a further 10 per cent from current levels over the next two years, French bank BNP Paribas said in a research report on Monday.
Although prices have fallen 5.5 per cent from their mid-2013 peak, BNP Paribas said that a "closer look at valuation metrics and underlying drivers" shows the market has further to correct before a bottom can be called.
