Singapore Property May Already be in Deep Decline

Despite dire predictions of sharp drops, Singapore’s property prices don’t seem to have budged much, but statistics may mask a market already in deep decline.

The official price index data appear largely benign, down just 0.7 percent in the third quarter, for a cumulative decline of less than 4 percent from the peak in 2012.  But that’s the wrong price data to look at, said Alex Shlaen, a property investor and CEO of Panache Management, a luxury brand manager.

The price index rolls in prices across various classes of properties, including the mass-market segment, more geared toward end-users, with luxury properties, where investors appear to be turning up their nose at higher prices.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.