https://www.businesstimes.com.sg/bru...et-distortions
1. High liquidity,
2. the low-interest-rate environment,
3. and continued foreign buying interest in Singapore property.
Between 2010 and 2019,
1.median monthly household income from work rose 48.6 %
2. while property prices rose 10.3 % based on URA's private home price index.
With income increase far outstripping home price increase, buyers find residential properties much more affordable today, compared with 2010.
This is a major factor underpinning the current buoyant demand."
S$100 billion = SGD 100,000,000,000
"When people see the government dedicating nearly S$100 billion to support businesses, workers and households since the start of the Covid-19 outbreak - and this must be one of the highest per capita globally - potential buyers are likely to conclude that Singapore's property market should improve. Or at least, it won't be worse off," he says.