Sim, Head, CBRE Research, Singapore and South East Asia:
the latest flash estimates, home prices have seen the highest drop since the
last 12 quarters of decline. This is possibly a clearer reflection of final discounted
prices reported by developers following a recent requirement by URA. The spike
in activity for the CCR accounted for a large portion of this decline.
addition, price corrections have hit double digit declines since the peak and
this might prompt the relevant authorities to re-explore the possible tweaking
with developers expected to remain resilient on prices against a global
economic slowdown, the pace of price corrections is projected to moderate. CBRE
Research expects the residential market to prepare for a soft landing by the
end of 2016 and followed by a long term trough.”
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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