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Published March 3, 2011
Seeking opportunities
By KALPANA RASHIWALA
THE jury is still out on the latest dose of property cooling measures introduced by the government on Jan 13. Both buyers and sellers are watching the market closely, trying to assess the impact of the measures.
It remains to be seen how prices will move. And while property transactions are expected to come off, interest in property isn’t about to dry up anytime soon in Singapore, especially in the current inflationary climate. Property after all is often highlighted as a good hedge against inflation.
A key factor affecting the outlook for Singapore’s luxury condo market will be whether foreign buyers will return in big numbers this year. Although there was a pick-up in foreign buying last year, this has not recovered to the level of 2007, when Singapore gained prominence on the radar of international property investors drawn by the widespread publicity of the Remaking Singapore story.
More bread and butter issues like the Singapore economy and interest rates will be the major factors affecting buyers and sellers in the mass-market. We provide you in the following pages a guide for your property decisions covering luxury condos, bungalows, cluster homes, mass and mid-market condos, HDB resale flats and executive condominiums (a hybrid of public and private housing). There are also articles on trends in the luxury rental housing market, contractors turned developers and interior design, plus foreign property markets like London, Malaysia and Australia.
Also check out upcoming launches and their locations in the centrespread of this issue.
Best wishes on your property pursuits.