FITCH Ratings said in its latest Asia-Pacific Structured Finance Chart that Singapore's private residential property prices have fallen 8.2 per cent from its peak in September 2013.
The fall has mainly been driven by tighter policy controls aimed at cooling the housing market. Fitch believes if immigration rates remain low with vacancy rates and property supply remaining elevated, property prices will continue to soften.
Government cooling measures continue to impact on Singapore’s real estate sector, so where next for the region’s investors?
Summary:
Property values in Singapore have fallen by 8.2% from the market’s peak in September 2013
Fitch Ratings points to government cooling measures and a market saturated with supply for the slowdown in growth
With returns having slid for eight consecutive quarters, many Asian investors are looking for alternative assets in international property markets such as the UK
Is the Singapore property market slump likely to end any time soon?
