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.
Tagged in:
Consumption growth
Demand and Supply of Rental in Private properties
Deterioration in disposable income
Household income growth
Long term financial stability
MNCs expansion into Asia
MNCs looking at decentralised locations for expansion
Occupancy rates versus property prices
Principle of Demand and Supply Fundamentals
Private Property Price index PPI versus rental index
Regional growth
Rise in tandem with US rates
Tighter immigration policies
Total Debt Servicing Ratio TDSR
Vacancy rates versus Property Price Index PPI
Vacancy Rates versus Total Housing Stock