Residential property prices in Singapore are over-inflated and ripe for a correction, possibly sometime this year, according to real estate professionals from the city state.
Historical data from Credo Real Estate shows that Singapore has experienced several instances of residential property price corrections in the past, most notably in 1983, 2000 and 2008, following a sustained period of virtually zero price moderation – a pattern that has become apparent with Singapore’s property market today. Full story
