OPINION: Will Rising Interest Rates Cause Singapore’s Private Property Market to fall?

openPR.com, 8 Jul 2011
Singapores recent private property market boom appears to be coming to an end as interest rates are predicted to start rising. Experts agree this could cause property prices to fall by around 6 percent, so where does this leave investors? Castlewood Group can offer a solution.
Singapore’s mid to high end properties are under scrutiny during this 3rd quarter of 2011 as housing prices rise whilst an oversupply of units are scheduled for completion by 2013. Recent report states around 60% of potential buyers are withholding their funds in anticipation that prices may drop in the near future. Full story