Is it time to accept a new normal?
We’re already a few days into the start of a new year and the Singapore property market doesn’t show any signs of a quick recovery. Prices are inching down (though at a slower pace), and buyers are pretty much sitting on the sidelines waiting for either a further fall in prices or the removal of the ABSD (Additional Buyers Stamp Duty) before re-entering the market.
To add salt to the wound, a soft rental market and predictions of a financial downturn is further scaring off potential investors.