With 2018 drawing to a close, Cushman & Wakefield’s Christine Li gives a snapshot of how next year could pan out. The private housing market may not be as gloomy as widely perceived.
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With 2018 drawing to a close, Cushman & Wakefield’s Christine Li gives a snapshot of how next year could pan out. The private housing market may not be as gloomy as widely perceived.
The recent cooling measures came as a shock, but they aren’t entirely without merit. Even if the link between our economy and the property market aren’t always well defined, there have been reasons for worry. Furthermore, market watchers haven’t been enthusiastic about the economy for a while. Here are three key external factors that are shaping our property market.
The long period of ultra-loose monetary policy is coming to an end. You could say this is because it has done its job, in that it has led to a solid global recovery. But you can also point to the costs of the policy, an asset boom that has increased inequality and threatens now to lead to an asset bust.
SINGAPORE: Private residential property prices fell 3.7 per cent for the whole of 2015, extending a 4 per cent decline in 2014, according to Urban Redevelopment Authority (URA) flash estimates released on Monday (Jan 4).
Prices fell 0.5 per cent in the fourth quarter of 2015, following a 1.3 per cent drop in the previous quarter, based on the private residential property index, which declined 0.7 points to 141.6 points in the fourth quarter.
The US Federal Reserve is widely expected to raise its benchmark interest rates this week, and Asia is ready for it when it happens, economists said.
SINGAPORE: The US Federal Reserve is widely expected to raise interest rates this week, and Asia will be ready for it when it happens, economists told Channel NewsAsia.
Speculation over when the Fed will raise rates for the first time in nearly a decade has dominated the market agenda ever since the central bank ended its historic quantitative easing program in October 2014. Many market watchers have been concerned about a rise in US interest rates, recalling how an exodus of funds from emerging markets was triggered in 2013 after former Fed Chairman Ben Bernanke raised the possibility of “tapering” the bond-buying program.