The Star Online, 22 Feb 2014
An Economist magazine survey last year showed that Singapore homes were the world’s third most expensive on a price-to-rent basis.
Some 57% were overvalued versus its long-term average — behind only Canada and Hong Kong.
However, the boom may be heading for a reversal.
Last week as I was writing this, a headline in the Castlewood Group website read: “Developers fight to overcome slowing market”.
Singapore developers were reportedly using “sweeteners” in order to tempt wary investors as the government’s series of cooling measures hit demand. Full story