Demand for Singapore real estate will fall next year, according to a report from global accountancy firm PricewaterhouseCoopers, which said the market slipped four places in its 2014 ranking of property markets.
According to PwC’s Emerging Trends in Real Estate Asia Pacific forecast, published in conjunction with the Urban Land Institute, concerns around oversupply in some Singapore property sectors have damped appetite.
“Singapore slipped off the top five spots for the first time since the publication first started in 2007,” said Choo Eng Beng, real estate leader at PwC.
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