PropVestor
09-12-16, 16:04
I have read reports of a possible price upswing for properties in Singapore from 2018 onwards mainly guided by the slowing supply situation from the current. ~20% per annum slow down in supply from 2018 onwards.
With the current pipeline of new units, there will be oversupply lasting till 2017 which we all know from URA data. What these reports fail to address is the absorption rate which is the speed of demand. Given the current low interest rates and CMs, there are no signs of the market picking up in the near term except for really good launches where investors or buyers will not mind parking their monies despite ABSD. Case in point arguably Duo Residences in 2013.
My point is whether fellow forum readers agree or disagree with these:
1. Given the economic situation with increased protectionism from US, Britain, global trade will take another hit on Singapore? Hence, 2018 property prices upswing is overly optimistic at best?
2. Stave off the supply pipeline by accelerating open door policy without being too open about it? PAP makes a calculated risk to open doors without clogging up the place since new MRT and housing districts are being built at the moment.
3. Given the interest rate and USD rate going slightly faster-higher after Trump takes over, buyers will accelerate their decision to bite the bullet to accelerate purchases?
4. All the above will hold true and before Q4 2017, we will already see some upswing?
Let me know what you guys think?
ProperVestor
With the current pipeline of new units, there will be oversupply lasting till 2017 which we all know from URA data. What these reports fail to address is the absorption rate which is the speed of demand. Given the current low interest rates and CMs, there are no signs of the market picking up in the near term except for really good launches where investors or buyers will not mind parking their monies despite ABSD. Case in point arguably Duo Residences in 2013.
My point is whether fellow forum readers agree or disagree with these:
1. Given the economic situation with increased protectionism from US, Britain, global trade will take another hit on Singapore? Hence, 2018 property prices upswing is overly optimistic at best?
2. Stave off the supply pipeline by accelerating open door policy without being too open about it? PAP makes a calculated risk to open doors without clogging up the place since new MRT and housing districts are being built at the moment.
3. Given the interest rate and USD rate going slightly faster-higher after Trump takes over, buyers will accelerate their decision to bite the bullet to accelerate purchases?
4. All the above will hold true and before Q4 2017, we will already see some upswing?
Let me know what you guys think?
ProperVestor