Singapore Property Buyers May Be in Luck in 2015

While Singapore’s property market has shown signs of cooling, with volume of new private home sales halving this year, it has defied expectations of a sharp correction.

Developers sold 7,137 private residential units in the first 11 months of 2014, with sales expected to total 7,500 by year-end – a 50 percent on-year drop, driven by weakening demand.  Prices, in contrast, have proved relatively resilient as developers and private home sellers stand their ground.

Private home prices edged down just 0.7 percent on-quarter in the three months to September, marking the fourth straight quarter of falling prices. Declines, however, have been measured. For the first three quarters, prices decreased by 3 percent.

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.