29th Jan 2008
According to a new report by Colliers International, Singapore’s residential property market is likely to be witness a healthier and more sustainable set of demands in 2008. Private home prices are expected to appreciate by up to 15% in 2008, moderating from the turbulent 31% growth in 2007.
Series of measures undertaken by the government, such as the provision of more timely market information, injection of new supply via the land sales programme and removal of the deferred payment scheme (DPS) will lead the market to a steadier phase than 2007.
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