Many consultants are of the view that the Singapore property market is due for a slow down. However, some consumers, especially property owners, think otherwise.
Understandably, it is currently hard to get a consensus on where the real estate market is heading due to the numerous mixed signals. On one hand, there are anecdotal evidences that the residential property market is losing steam as sales volume has dropped quite significantly.
Asia’s real estate markets are expected to see positive implications following the US Federal Reserve's announcement that it will reduce monthly acquisitions of mortgage-backed and treasury securities from US$85 billion to US$75 billion starting in January 2014, revealed CBRE Research.
The market has been plagued with uncertainty since the Federal Reserve announced that it might start tapering at some point in 2013. Perceived as business friendly, last week’s announcement clarifies that the extent and rate of tapering will both be moderate.