Residential sales [electronic resource]
Residential sales [electronic resource]
- Singapore 2011 Savills
- Savills Research Singapore Residential Sales 8 December 2011. .
The residential property market in Singapore has become increasingly cautious as new home sales fell by 15% month-on-month in October 2011. New property measures have been imposed to curb rising investment demand and foreigner home ownership. Prices of new mass-market and mid-tier homes may continue to edge-up by a further 8% to 10% in 2012, while prices for high-end homes may hold steay in 2012. Macro-economic challenges in the United States and Europe continue to weigh on market sentiment.
Singapore
The residential property market in Singapore has become increasingly cautious as new home sales fell by 15% month-on-month in October 2011. New property measures have been imposed to curb rising investment demand and foreigner home ownership. Prices of new mass-market and mid-tier homes may continue to edge-up by a further 8% to 10% in 2012, while prices for high-end homes may hold steay in 2012. Macro-economic challenges in the United States and Europe continue to weigh on market sentiment.
Singapore